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The internet is full of propaganda used by companies who claim to have the most high-tech electronics; luxurious sports cars; and the most fashionable clothing on the market. Marketing geniuses learn how to entice people into buying their products by strategically placing certain pictures and words on their store fronts and sales ads. Even digital billboards are being used to easily catch a person’s eye as they drive by. Unfortunately, Spendthrifts often fall victim to these common marketing ploys.
The Marketing Ploy
Economically speaking, Spendthrifts make the world go around, and even spin out of control sometimes. Their frivolous purchases, lavish lifestyles and reckless spending habits demonstrate exactly why advertising strategies work. Manufacturers depend on people to make impulsive purchases. They don’t want people to stop and consider the financial repercussions their decision could have on their budget or mental health.
Spendthrifts normally do not prioritize their purchases or stick to a budget. In their minds, purchasing a cup of coffee or a new pair of shoes has the exact same importance as a past due utility bill. A Spendthrift will eagerly grab a credit card, take out a loan or buy multiples of an item, just to fulfill their need to spend money, even if it means living beyond their own personal financial abilities. Spendthrifts should be considered a mental illness; because it does represent an obsessive compulsive disorder. Uncontrolled spending habits can create devastating financial problems, such as:
The Power to Overcome
Additional ResourcesIn-Store Warranties vs AlternativesGrabbing Financial Stress by the Haunches!Simplify Your Personal Finances - Infographic10 Ways to Save Cash on Gas
Written by Jeremiah Say. Jeremiah Say is currently a full-time entrepreneur. He has started several successful online business which has allow him the freedom to be his own boss and travel around the world. His goal is to help as much people to do the same. You can check on one of his successful online business here: 7 Payouts | Generate 7 Streams of Income Working at the Comfort of Your Own Home
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