If you haven’t heard this phrase, it characterizes someone who maintains an image of a millionaire, yet has no net worth.
These folks aren’t hard to find.
They drive entry-level BMWs with custom chrome rims, they wear fancy designer clothes with gothic cursive lettering from some faux French guy, and they congregate in the VIP section of the club ordering bottle service, of course, on credit.
These folks broadcast like dashing debutantes with an extraordinary A-game, but behind all the flash-and-cash they’re miserable magicians of the Sidewalk.
The problem with looking wealthy versus being wealthy is that the former is easy while the latter is not.
Easy credit and long-term monthly financing options (make no payments for one year!) are tempting conduits to help you purchase the illusion of wealth.
Society has led you to believe that wealth can be bought at a mall, at a car dealership, or on an infomercial.
Like my initial spending spree when I cashed my first check, these appearances of wealth are supposed announcements to the world: “I’m rich!”
But are you?
When you finance an $80,000 Mercedes Benz over six years because that’s all you could afford, that isn’t wealth, but impersonation of wealth.
You’re fooling yourself, and it’s a Fast-lane detour.
But don’t jump the bandwagon yet; this isn’t a sermon about how you can’t spend money on pricey German sedans.
Not at all.
Wealth isn’t embodied in a car but in the freedom to know that you can buy it.
Freedom to walk into the dealership, know your price, pay cash,and drive away.