It happens all too frequently — lifestyle creep and the hedonic treadmill snowball until you’re only happy with the most expensive clothing, the flashiest cars, and other outward signifiers of success. It’s easy to justify these flashy items when you work hard for your money and want to show off all that you’ve accomplished — but living well within your means and opting for practical items over flashy things is one of the biggest keys to wealth.
There’s a reason that the most commonly driven car among millionaires is the humble Toyota and not a Porsche or Ferrari. The truly wealthy don’t feel the need to flaunt their wealth outwardly and instead put their dollars to work behind the scenes.
It can be tempting to purchase designer brands or splurge on that dream luxury car — but looking and living humbly is, in fact, the key to wealth. Here are ten reasons why you should consider “looking poor” if you want your money mindset and wealth to grow.
