Financial education ------ Frugality x Status and the prison created by the social role

Greetings everyone:

I separated 2 very important topics related to how status and social role detonate the life of the person and the prison created by the social role.
I think, for everything I've seen and already attended in clinic, in addition to hearing financial stories of older people, THE GREATEST PERSONAL AND FAMILIAR DESTRUCTOR THAT EXISTS WITHIN THE FINANCE AREA !!!!!

Because I am a psychologist, I have stayed on how your emotions can be manipulated by making them lose money for others. Take a look at these topics, too cold that are very important !!!!!!!! Come on:

1- Frugality x Status

Most people are guided by the issue of status. Being guided by it means spending a larger monetary value to buy items that are generally not very cost-effective, causing the buyer to increase his work (hours and / or knowledge) or to borrow for items that will increase his condition in the eyes of others.

Many people are indebted to a life they think the rich have. They make installments on credit cards, spending money they do not have to look like the image that is passed to them by the media. Most of these people are middle-class or emerging people who consume luxury goods, but live beyond their means to do so. In the long term, the result is to leave the person in the "rat race," with the aggravation of the advancing age, and it becomes more difficult to sustain the willingness to perform a job perhaps not so pleasurable as to provide a high income.

In addition, these people who have a well-paid job and only have this source of income tend to go through serious problems when something happens at work and are dismissed or their salary is diminished. They are usually people who live exactly on the money they earn during the month. If they can not work, they can go into debt if they have no other source of income and see what it is to be against compound interest.

Have you watched the movie "Love by contract" ????

It tells the story of a marketing company in which employees pretend to be a happy family and move to a new city. In the city, they place themselves as a perfect family, who loves each other and is always giving gifts to each other, which always makes them happy. Their neighbors begin to desire the same products, for they begin to associate the products that the perfect family consumes with their happiness. If the perfect family has these items that make them happy, everyone begins to buy the products to feel happy. This movie shows what the absence of reflection on what we consume can hurt the financial life of the person.

2- The prison created by the social role --------- I think it destroys both the person and his family

We saw in the previous topic how the search for status can disrupt the person's financial life.

Our status system reflects a way people are evaluated within a group. The greater a position of a person within the group, the greater the prestige they will receive in that medium. Both a classification of the individual and a group on his prestige may occur.

Depending on the need of the group, how individual characteristics will possess little or much relevance to determine their status within it. For example, in a group of writers, a writing capacity and a number of publications, give a writer more value than a developed platform, which is more capable of assigning status to a group of actors.

Within the status position system, the social role occurs, this is the form of person behaving within his or her position without a group. Thus, a person with a lawyer status is expected to present himself in a formal profile, make good use of the vocabulary, wear classic attire, be serious,

counterpoint to a comedian, who in his role can dress up casually, play games, talk in an informal tone ...

The problem of this social role, when done with a person, has to expend a lot of resources to maintain it.

Unnecessary physical, emotional and financial expenses can happen depending on the role one assumes and their lack of reflection on it. An employee of a bank ascends hierarchical degrees and assume the position of manager. This new status as a production manager begins to influence his social role and he begins to wear more expensive clothes, buys an expensive property, acquires a higher value car in order to fit into his social role and affects his emotions by doing with which beliefs that greater financial spending will bring greater prestige are created in your mind. The problem is when this same employee loses his job or his hierarchical degree decreases and he needs to make cuts in his flow to his new status status, considered inferior. It is not difficult to imagine a difficulty of a good part for people who go through this situation of returning to a level of expenses, its automatic image for the maintenance of the status. That way, with the cash flow being less than the expenses, a person tends to get into jokes and if there is no remodeling in their beliefs and attitudes, their debt will increase with each passing day.

On the other hand, there is the fact that professionals use the vision that others have about their social role to benefit themselves or the institution they work with.

Someone of you would trust Frank Underwood ??????????
Well tidy, very nice, charming, elegant, communicates very well, shows great care for his friends, always appears with public good with his wife, seriously ....... But they have already seen how a psychopath works behind the scenes ?????? Usually this personality profile is like this, it initially treats people very well, until they are no longer useful to it. In addition to differentiating the treatment they give according to their judgment of the status of the person .... Think well when dealing with someone with these characteristics. PROTECT YOURSELF.

When seeking advice, people are entrusting each other with decisions about their investments. This deposit of trust in the other contains certain traces of naivety. When someone goes to a bank and contacts the manager, they can make their decision-making decisions about their money because they believe in the past image of a professional who is well dressed, works in the financial sector, and uses a financial technical language. The little or no knowledge that the person possesses about financial assets, makes the manager can indicate the product that wants for her. The problem of this is that in a part of these cases, this professional will indicate the product that the bank wants to be indicated, regardless of whether it is the best for the person. The look of the bank professional may not be in the customer's favor. This is one of the great mistakes of the person seeking wealth growth.

The American movie called Boiler Room in one of the scenes shows a man, the head of the household, who lost all his savings by believing in the proposal of a dishonest broker. The character, good natured, was seduced by the broker who played with his emotions when he said that with the money he would earn by investing in shares of a certain company that would appreciate much, could give a better future to his family.

This man accepted by entrusting his savings of years of work to buy a house to a broker that never saw in person. The operation went awry and the wife abandoned this man. The lesson of this part of the movie is that years of a person's life can be wasted simply because she relies on someone with a social role that can influence her in her financial decision-making. Even if the broker acted in bad faith, the final decision was of the character who accepted his manipulation.

Look how the broker was charming, gentle, persuasive, and especially played with the emotions of good man, talking about marriage and especially, did not give him time to think, because when we stop to reflect, we can make a decision with more integrity and security. Starters know this, so they always try to play with the "pick up or drop" question. For those who want to watch or have seen the movie, think about what happened to the manipulated man.
The product companies on the internet do the same thing, watch how lightning deals appear that can last for a few hours only. Sometimes the price is even higher than normal, but because they say they have a discount and that the promotion ends quickly, naive people are induced to buy on the spot, and they spend money that they do not have on a credit card. THINK GOOD IN IT !!!!

Finance genius and investor Warren Buffet is surprised to wonder why successful people in their high cash flow professions go to Wall Street to seek investment advice from brokers who earn far less than they do. If the advice of these brokers are so good, why are not they all rich? Care must be taken with people who need to use other people's money to make them rich, because the more they sell products, the more money they earn through brokerage fees. If they lose someone else's money, they can simply get someone else to sell their advice.

This can be verified on the Brazilian stock exchange. When shares of the company OGXP3 were around 23 reais, several analysts said to buy it, as it would reach the value of 30 reais with ease. In a short time, stocks began to plummet sharply reflecting the bad fundamentals that were "made-up" by its CEO and are now in the penny. In the middle of the descent, they still talked about buying more stock and making average price in value. Today, these analysts no longer touch on the subject of this company. It seems they "forgot" that it exists, however, they are still active, giving their advice on other companies.