(I had the pleasure of writing the following article for BlackandMarriedwithKids.com)
I have to admit VH-1′s “Basketball Wives” is one of my guilty pleasures. Does it matter that very few of these women can actually call themselves “wives,” or that most of the scenes are scripted beyond belief?
But what really caught my attention was the most recent episode. Shopping with her man, Ashley Walker enters the upscale shoe boutique owned by basketball “wife” Evelyn. After some chit chat, Ashley picks out a pair of sharp red pumps and her man proceeds to pay for them. The camera quickly flashes a glimpse of the price tag – nearly $1,100 – for a single pair of shoes.
C’mon now. For that price you’d better be able to fly in those shoes. Yet nobody flinched as the shoes were boxed and put in a fancy little shopping bag. Is it just me or is $1,100 simply too much to pay for some darn shoes? I don’t care how much money you’re making.
But it gets better. Later in the same episode “wife” Royce hunts for an engagement ring with her fiance. The ring she covets with its big fat diamond retails for $95,000. Yes that’s nearly 100 grand for a single ring.
Now why should I be concerned with how much rich folk pay for a ring or pair of shoes?
[Read the rest of this article at BlackandMarriedwithKids.com]
Once we understand the true nature of wealth we can start making our money work for us instead of against us.
Personal finance is about more than math. It's about behavior. Change your behavior and you change your financial situation.
When we spend money we're really exchanging time spent on the job (our life energy) for a product. Understanding this leads to better buying decisions.
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