Wealth is behavior driven

Just yesterday I opened a CD at a bank. Once they heard that I had some extra money they tried to talk me into using that money to buy a home with an excellent mortgage rate. I told them, I already own a home that I paid cash for. Then the bank tried to get me to invest in the stock market. Both my ROTH accounts are maxed for the year. I was then told that I should consider upgrading my vehicle since my 15 year old car probably isn’t safe. My grandparents survived in vehicles built in the 1920s.
 
The bank then proceeded to ask me what my plans were with the CD. I told them that this money will be parked in the CD for one year and then I will purchase an investment property so my wealth can continue to grow.
The bank tellers then proceeded to ask me how I obtained this wealth. I told them, “it’s simple,” I don’t buy things I can’t afford. Careful, cultural norms can wreck your life.
 
The example below is so spot on. Mathematically speaking, the solution for poverty is simply a savings account. Having resources in the bank means you have options. The options to move to take a better job, options to invest more so you can retire early, options to live on less and start your own business, etc. I live completely debt free, no mortgage payment at all. Yes, my car is nearly 10 years old, my jeans are bought from Walmart and most of my meals are home cooked. But just imagine what you can do when all your earnings go into your savings account. Imagine the change you can cause in your life and in this world when you have these resources at your disposal. It’s truly liberating and stress free. 
 
Driver number 1 drives the Corolla. He paid it off, has a 2-bedroom house paid for, makes thirty thousand a year and has excellent credit. Driver number 2 drives the Benz, has 3 years left to pay it off, has a 7-bedroom house with hundreds of thousands left to pay, makes two hundred thousand a year and has poor credit. Sadly, many people would choose to be driver number 2 because of what it looks like despite the reality that driver number 1 is more wealthy. Your circumstances will never change until your thinking is changed.
source: unknown
This has been another entry in my Poverty Engineering series where I share the mindset and tactics used to help me escape poverty.

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