You are viewing a single comment's thread from:

RE: Avoid Buying Products that Only Serve as a Social Signal

in #psychology7 years ago

Yeah, look at Warren Buffett living in his modest, sub $300K house. And then there's those people who win the lottery and end up deep in debt a couple years later.

When I see someone with a flashy car or a bunch of expensive toys, all I can think about is the lifetime of debt and obligation looming before them. But social signalling doesn't work on everyone the same way.