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Coming by Status Symbols -- Financially

Aug 18, 2007
Man is constantly trying accumulate greater quantities of wealth. Money is one thing that people keep wishing they had more of. Unless you are some kind of a saint or a social worker who passionately feels for the needs of others without giving a thought to your own needs, you will constantly be thinking about ways to raise your own income levels. Now, as the nations of the world continue to progress and develop, the economies keep improving.

As a result, the people of the world have been raising their standards of living with the passage of time. Of course, inflation puts a check on the number of cars that we can own. However, we continue to try to live in better conditions in the constantly changing world situation.

When the automobile was first invented, only the very rich had access to the wonderful invention. Gradually we came to witness the rise of cars for the middle classes. It may not be a Mercedes-Benz, but a car with a modest selling price comes with several benefits. It is more fuel efficient. You won't have to pay to much for servicing. Repairs are expensive by middle class standards, but they are not unaffordable.

Moreover, if a person has invested in car insurance, a lot of repair costs are covered by the insurance company. Today, most of us can afford a car. All you have to do is find a good personal loan to help you fund your new status symbol.

Even houses work as status symbols a lot of the time. You could be residing in a beautiful rented apartment in a very nice area, but if you own a house in the same area, it would certainly be a better indicator of of your monetary standing. Those of us that do own houses continue to look at better homes in better localities.

We may not make the shift to a new house on account of factors such as the ties that bind -- friendly neighbors, nice shopkeepers, proximity to the office. However, many of us harbor dreams of owning a palace in the green countryside, or maybe even our own private jet.

As it is with cars, so it is with houses -- they do not cost a small amount. So most often, we have to turn to a loan provider or two to get us a loan offer to meet our desire to buy some status symbols. Most of us may never be able to afford a private jet. But it should not be because we did not try.
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