"I saw my salary on a bottle of perfume today" - page 5.

red4slash

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Quote from: Inwestour on November 10, 2023, 09:15:41 AM

The reality is that we need to live within our means, but we should also strive to improve our standard of living and save some of our income for further investment. If I want to buy expensive things, then my income will not be enough for it, so for me this would be rash actions that will not bring me anything good.

As a result, I strive not to be able to buy perfume with the cost of my monthly salary, but to be able to achieve financial independence, when I could not work, but at the same time my passive income would be enough to to cover all my needs. Our values determine what we will do and what we will achieve in the end.

This is related to prestige, I believe those who do that (buy perfume at a fantastic price) are because of their prestige and environmental factors also influence, yes even though financially they are able to do it.
But for myself I would prioritize function over prestige. Because if we are mostly prestige I believe at some point we will experience something sad.
I would rather invest than make purchases that are functionally the same as cheaper items. Indeed, there are many people now who prioritize prestige, even though they are financially unfit to do so.

Ultegra134

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Well, it depends on the person. I'm not surprised that someone could spend a fortune on a perfume; I've seen some really expensive ones at airport duty-free stores, so if they're selling them, there's certainly a market for them. Just because I wouldn't spend such an amount of money doesn't mean that someone else wouldn't. Mostly for the same reason, people spend excessive amounts on technology items, such as smartphones, laptops that aren't used for the purpose they were made for, smartwatches, and the list goes on forever.

Personally, I'm not fond of luxurious or expensive items, nor does expensive necessarily mean luxurious. I can live without buying a Rolex, the newest iPhone or MacBook, and so on. I prefer living a more modest life. I'd define financial freedom as the ability to not worry about making ends meet, being able to afford a vacation, or buying a new washing machine because the previous one suddenly broke down. It doesn't necessarily have to be a vacation at an extravagant hotel or top-of-the line appliance. The keyword here is "ability" or being able to go forward doing things you desire without too much consideration about money.

Beparanf

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Quote from: tjtonmoy on November 07, 2023, 02:46:18 PM

To me, I will choose the second one. If I am happy with what I have and I am certain that it will continue to help me in the future too, then I have successfully achieved financial freedom. But most people these days are caught up with the thought of using luxurious thing and being able to continuously use it is financial freedom to them.

Do you agree or disagree to this? Let me know your thoughts.

Disagree in case that people buying luxury items is real rich that can afford that kind of luxury items. They have the right to spend their money on their own way because that what really financial freedom. That’s how some people makes themselves happy using their money and we don’t have any say to that because we have different preferences in life.

If you are buying luxury item because you want it and you can financially then I don’t see any problem on it. I believe the only problem here is how other people being envy and not the person buying luxury item with their own money.

Winterfrost

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Quote from: Biznesmen on November 09, 2023, 06:07:59 PM

Quote from: tjtonmoy on November 07, 2023, 02:46:18 PM

Yeah, you heard me right. Today I was scrolling through some Instagram Reels and I saw a video of a person saying this. I'm still confused. Should I laugh or should I feel sorry for that person? So here's how the whole video goes. The man said and I quote" I saw my salary on a bottle of perfume today. So you are saying that someone out there smells like my salary."
It's kind of funny but also sad at the same time. Where have we come today? There are people trying to live a normal life with what little amount they earn. And there are people using the same amount of money just to smell good.

I bring up this to talk about financial freedom. What is financial freedom to you? Is it about having a certain amount of money that is required to have financial freedom or to have an amount of money which can potentially give you freedom in the future?

To me, I will choose the second one. If I am happy with what I have and I am certain that it will continue to help me in the future too, then I have successfully achieved financial freedom. But most people these days are caught up with the thought of using luxurious thing and being able to continuously use it is financial freedom to them.

Do you agree or disagree to this? Let me know your thoughts.

[Just for context, I am not talking about holding money. I am talking about investments that could give me passive income that will continue to come in the future and give me financial freedom. As long as I can survive with that amount of money and not worry about the future, then it is financial freedom to me.]

There's nothing wrong with buying luxury items, even if your salary is not that impressive. You can't say people who have huge investments and high incomes are the only ones who can buy luxury things, and it's not for low-income or low-investment people. Low-salary people who save their money and spend it all on buying their dream luxury watch, phone, or car—I can't see anything wrong with that. And I don't believe saving or investing money is the only way to have a great life because money is for spending too. Very rich people use local products, not branded ones. This behavior is their humbleness and down-to-earth category, but the poor buy luxury; it's their show-off and greedy behavior. Don't you see the irony here?

IMO money spent on luxurious should be used to acquire treasures/assets and building evolutional technologies. I rather spend money leaving a sand of time, so that my name can be heard even after i am gone. Some persons will say rich and wealthy but there is no limit to the amount of money that can be made and if one feels like he has made enough money then he can invest in building a life time foundation.

For instance Bill gate, Elon Musk and Mack are good persona example. They are all billionaires but they dont stop at what they do.

Iroh

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Quote from: jeha2015 on November 10, 2023, 09:27:02 AM

Yes, exactly. Everyone's interpretation of financial freedom will definitely be different. Many of those who have expensive items must have thought carefully about it even though they bought perfume at an expensive price. Most people like that are billionaires, they also sometimes buy other luxury goods such as watches, cars but they are investing large amounts because they believe the investment will be successful and get big profits from the investment. They think ahead.

However, there are also people who say financial freedom has a different meaning, time is a luxury. not everyone has a lot of free time for themselves. So, if you achieve financial freedom, you will be free from earning money. So it is very important to have the concept that money will bring other money. Apart from frugal living, what must be improved is passive income

Luxury goods are there to distinguish the rich and wealthy from the middle and lower class and only the rich and wealthy are able to afford such products without having to worry about the price being a problem. Wealthy people have investments that continuously bring in income. Without investments that would bring in steady revenue, someone cannot be truly wealthy.

They say time is luxury. I say for some and for others, to an extent. We all know the clock is continuing ticking, waiting for no one. A Prisoner, having been incarcerated have had their time and freedom cut short as a form of punishment. They’ve got all the time but most wouldn’t consider that to be a luxury. Lots of people have a lot of time and energy and are still not being productive.

jeha2015

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Quote from: Iroh on November 09, 2023, 06:30:26 PM

Quote from: Dimitri94 on November 09, 2023, 08:09:24 AM

Many people can talk about financial freedom in different ways. One person's perspective may be different but the main point remains the same is to have enough money. A man is financially independent if he has enough supply of money according to his wants and needs. Some people think that a person is financially independent if he is able to meet all his expenses normally after suddenly losing his ability to work. But in my case I need money with which I can do whatever I want within my limits. But I wouldn't say I need a lot of money to be financially independent. I am financially independent if I have enough money to cover my regular expenses.

People may have different opinions and views on what financial independence should be. But most people would agree that financial independence entails having enough money available to be able to comfortably cater for your wants and needs without having to worry about tomorrow.
For that to be possible, there should be more than one source of income coming in. You wouldn’t have to worry for a second if you don’t actively work anymore as there is still loads of money coming in from various sources. That’s being financially stable and independent. Not having to worry like the average man would about the inflation rate or unemployment rate as you’re not badly affected by either of them.

Yes, exactly. Everyone's interpretation of financial freedom will definitely be different. Many of those who have expensive items must have thought carefully about it even though they bought perfume at an expensive price. Most people like that are billionaires, they also sometimes buy other luxury goods such as watches, cars but they are investing large amounts because they believe the investment will be successful and get big profits from the investment. They think ahead.

However, there are also people who say financial freedom has a different meaning, time is a luxury. not everyone has a lot of free time for themselves. So, if you achieve financial freedom, you will be free from earning money. So it is very important to have the concept that money will bring other money. Apart from frugal living, what must be improved is passive income

Inwestour

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The reality is that we need to live within our means, but we should also strive to improve our standard of living and save some of our income for further investment. If I want to buy expensive things, then my income will not be enough for it, so for me this would be rash actions that will not bring me anything good.

As a result, I strive not to be able to buy perfume with the cost of my monthly salary, but to be able to achieve financial independence, when I could not work, but at the same time my passive income would be enough to to cover all my needs. Our values determine what we will do and what we will achieve in the end.

jaberwock

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Quote from: NotATether on November 09, 2023, 05:33:00 AM

I mean, it's not entirely unheard of for some perfumes to sell for triple dollar digits!

But then if we are looking at that, we also have to consider that because of activists' most hated process "globalization", wages in developing countries around the world have been flattened according to the national currency, so no they are not getting paid by the dollar.

I would guess that the workers are still not making a lot, "boss made a dollar I made a dime" is still a chant all around the world, while the boss takes the yacht to an ocean vacation, he still denies to pay you on time and rejects paying overtime as much as possible while making the workers slave away. That's why I think this perfume, or any other branding related thing, still gets any attention.

The guy who makes the iphone makes the least amount of money, he is at china, working at the machinery, making a dime, the guy who owns the factory, or at least the boss there, makes a dime more, and then the logistic guys make a dime more because of shipment, and then the worker at apple makes a dime more, but then Tim cook makes a dollar more, and the share holder makes couple grands more. Everyone did something, the only one who did nothing about the creation of it, the shareholder, made the most money. That's the biggest trouble in finance right now.

Gaza13

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Quote from: tjtonmoy on November 09, 2023, 01:18:34 PM

The topic was, is financial freedom equals to luxurious life or a life where you achieved certain amount of assets that you don't have to think about the future. Either way, thanks to everyone for their valuable time. I will continue to read new comments from people. So if you have other thoughts, be sure to let me know.

Of course, financial freedom is synonymous with rich people who live luxuriously with luxurious houses and luxury vehicles. Indeed, everyone has the desire to live like this without having to think about the next day. But you need to remember that someone who has achieved financial freedom must have done hard work and smart work. Of course, there are many ways to achieve financial freedom
- financial sources (cash flow) or income are of course more than one source of income that we create
- minimalist lifestyle or frugal lifestyle, buying things only according to one's needs or according to their function.
- Investments in various types such as shares, bonds, crypto. Buy an investment that has potential in the future.

Sebas.tian

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Financial freedom is when you are comfortable with the huge amount of money you achieved from your investment, and you are very happy without looking outside other people achievement because it will be possible for people to achieve the same income or have the same salary in the community, but different categories of earners in the community. And don't forget that nothing last forever because you can be doing well in your investment or your organization can decide to increase your salary
In a way you will begin to do things other people cannot do in the society, because level has changed in your salary. Never you go into competition with anybody because there are many ways people are earning their money these days which can make you feel you are not in the right direction to your future base on what you have see around you.

lienfaye

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Quote from: tjtonmoy on November 07, 2023, 02:46:18 PM

I bring up this to talk about financial freedom. What is financial freedom to you? Is it about having a certain amount of money that is required to have financial freedom or to have an amount of money which can potentially give you freedom in the future?

Financial freedom that can last longer or until you're not capable to work already is much better. Thus I will choose the second option because it's not only about the present time, it's crucial that in the future you still have this freedom so you can live the way you wanted and not struggling. It doesn't matter if currently your salary's worth is small for others, it just that, they're fortunate to live comfortably and able to buy luxury items.

Thus, don't compare what you earn to others because as long as you're doing what you can and striving to achieve your goal then it is not impossible to have a financial freedom base on your own perspective.

Bitcoin_people

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Financial independence basically means that a person can earn more and is financially stable. If there is money in the investment business field then surely the person will earn well in future and gain financial independence. So people who talk about this must be living a luxurious life because they are not short of money they are financially sound. There are many people who are employed but protest for it because of their low salary but they cannot raise money. For that if a person has money then if he invests then surely he can earn good from it in future and get financial freedom.

philipma1957

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'The right to privacy matters'

I purchased a very expensive empty notebook today as a special gift.

Cost me over 30 usd. about 38 with shipping

I could have purchased a 2 dollar note book. but there is a 20 year back story as to why I purchased a note book for over 30 bucks.

https://www.shinola.com/large-hard-linen-grid-paper.html?

yeah it is costly but the back story goes to about 2001 and I don't mind spend 30 bucks on a good back story .

Would I spend $1000 USD on perfume no as I don't have any good back story for perfume.

My wife never like much perfume I could buy her a Longines watch for about 1000 as I do have a good back story about that.

Iroh

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Quote from: Dimitri94 on November 09, 2023, 08:09:24 AM

Many people can talk about financial freedom in different ways. One person's perspective may be different but the main point remains the same is to have enough money. A man is financially independent if he has enough supply of money according to his wants and needs. Some people think that a person is financially independent if he is able to meet all his expenses normally after suddenly losing his ability to work. But in my case I need money with which I can do whatever I want within my limits. But I wouldn't say I need a lot of money to be financially independent. I am financially independent if I have enough money to cover my regular expenses.

People may have different opinions and views on what financial independence should be. But most people would agree that financial independence entails having enough money available to be able to comfortably cater for your wants and needs without having to worry about tomorrow.
For that to be possible, there should be more than one source of income coming in. You wouldn’t have to worry for a second if you don’t actively work anymore as there is still loads of money coming in from various sources. That’s being financially stable and independent. Not having to worry like the average man would about the inflation rate or unemployment rate as you’re not badly affected by either of them.

Biznesmen

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Quote from: tjtonmoy on November 07, 2023, 02:46:18 PM

Yeah, you heard me right. Today I was scrolling through some Instagram Reels and I saw a video of a person saying this. I'm still confused. Should I laugh or should I feel sorry for that person? So here's how the whole video goes. The man said and I quote" I saw my salary on a bottle of perfume today. So you are saying that someone out there smells like my salary."
It's kind of funny but also sad at the same time. Where have we come today? There are people trying to live a normal life with what little amount they earn. And there are people using the same amount of money just to smell good.

I bring up this to talk about financial freedom. What is financial freedom to you? Is it about having a certain amount of money that is required to have financial freedom or to have an amount of money which can potentially give you freedom in the future?

To me, I will choose the second one. If I am happy with what I have and I am certain that it will continue to help me in the future too, then I have successfully achieved financial freedom. But most people these days are caught up with the thought of using luxurious thing and being able to continuously use it is financial freedom to them.

Do you agree or disagree to this? Let me know your thoughts.

[Just for context, I am not talking about holding money. I am talking about investments that could give me passive income that will continue to come in the future and give me financial freedom. As long as I can survive with that amount of money and not worry about the future, then it is financial freedom to me.]

There's nothing wrong with buying luxury items, even if your salary is not that impressive. You can't say people who have huge investments and high incomes are the only ones who can buy luxury things, and it's not for low-income or low-investment people. Low-salary people who save their money and spend it all on buying their dream luxury watch, phone, or car—I can't see anything wrong with that. And I don't believe saving or investing money is the only way to have a great life because money is for spending too. Very rich people use local products, not branded ones. This behavior is their humbleness and down-to-earth category, but the poor buy luxury; it's their show-off and greedy behavior. Don't you see the irony here?

Youngkhngdiddy

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Quote from: Rockstarguy on November 09, 2023, 02:18:31 PM

In life no one has it all, even those who can afford perfume worth the amount of your salary, their own salary too is the price of something which they cannot afford. What matter is that no matter the amount of money you may be earning one should be able to manage it and live life well from it. Everybody can not be equal when it comes to earning, and if you try to live above your income it can be a serious problem that one will be struggling to meet up with the necessary things that are important.

In life we have different caliber of people, we have the nobility, the elite, the upper class, the lower-middle class and finally the lower class. They are levels to what this people in each of the classes do, you can’t be in the lower class and be expected to live a life of a royalty. Even when you might feel threaten about the cost of some things and you see people who are capable getting it just remember that the end line of another man’s race is the start of another. The same amount you might think is too much for you to handle. Is the dally spending of another. Theirs Is not point being intimidated by material things , this is where being contented comes because you ought to be contented with what you have.
It is important to spend wisely, so that being said you can’t be earning poor and then you just rush to get a perfume way expensive than you pay. That is not smart spending, even when it’s important to smell you still need to cut your coat according to your size.

Miles2006

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I think we should know the worth of the perfume first before we can judge, like most people they believed they worked hard for the money and they want to spend it on themself just like spoiling themself and I don't see anything wrong there. If someone is complaining of such thing I think the person should upgrade himself when it comes to financial matters and work rather than talking about a rich person buying a perfume worth the salary, to be honest this is the first time am hearing about this, in this modern world how can a perfume worth your salery despite the hard economy this is very wrong. But if anyone can buy a perfume worth someones salary i think we should call such a person rich, and talking about investment who knows cause most rich men are into investment. But in a situation when the person is not wealthy i see no need spending much on perfume rather than investing the money. But the fact is if every one is satisfy and contented like meeting his needs I think that's financial freedom.

so98nn

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There are definitely things that are way costlier than the entire salary that you or I might earn throughout our lifetime so I don't think we should be so loud about it. We are not at all close to many things so it's better we should not be comparing ourselves with those materialistic things or price tags. We should be only counting on what we have, how much we can spend on our personal stuff on an everyday basis, and how we can make our families happy on various occasions, festivals etc. In conclusion, it's just the usual accounting we should be looking at. We got the salary, have our EMIs and cut-offs gone before the 5th day, have some savings, get the emergency funds out, and personal account differentiated.

An expensive bottle of perfume, no thank you. Let us be the normal zone and just watch such videos for fun.

dunfida

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Quote from: Rockstarguy on November 09, 2023, 02:18:31 PM

Quote from: iv4n on November 08, 2023, 04:07:43 PM

Sadly this is a real thing.... "I saw my salary on a bottle of perfume today"! Some people see their salary on someone's breakfast bill. While some people have too much, others don't have for basics. Yeah, that's the world we are living in... and is there anything that can be done about that? Of course, the answer is no, nothing can be done about that... it's the system we are living in. Maybe some new generations with more awareness and self-awareness can change it, but for now, we are stuck in it. Damn money and what people are willing to do to have more money, that's why this world is getting crazier every day.

In life no one has it all, even those who can afford perfume worth the amount of your salary, their own salary too is the price of something which they cannot afford. What matter is that no matter the amount of money you may be earning one should be able to manage it and live life well from it. Everybody can not be equal when it comes to earning, and if you try to live above your income it can be a serious problem that one will be struggling to meet up with the necessary things that are important.

There are really things in life on which other people could afford and there are ones who cant. This is why there's really such that significant difference in between financial capacity which it would really be basing up
on their income source. This is why it would really be that normal that there would really be differences when it comes to purchasing power or capacity on which other people couldnt really be able to do so.
There are indeed salaries on which it would really be just that enough that they would really be able to buy things that they do want and there are ones who cant really just easily
buy things even if they do able to do so but rather they would really be putting up on something which is more worth on doing so. This is why it would really be that always better that you should really be that
mindful about on things ahead.

If you do find out that it would really be worth on investing into something rather than on buying shit things then it would be ideal but we know that there are indeed
people who do really want on buying things which would really be that according into their own liking.

Rockstarguy

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Quote from: iv4n on November 08, 2023, 04:07:43 PM

Sadly this is a real thing.... "I saw my salary on a bottle of perfume today"! Some people see their salary on someone's breakfast bill. While some people have too much, others don't have for basics. Yeah, that's the world we are living in... and is there anything that can be done about that? Of course, the answer is no, nothing can be done about that... it's the system we are living in. Maybe some new generations with more awareness and self-awareness can change it, but for now, we are stuck in it. Damn money and what people are willing to do to have more money, that's why this world is getting crazier every day.

In life no one has it all, even those who can afford perfume worth the amount of your salary, their own salary too is the price of something which they cannot afford. What matter is that no matter the amount of money you may be earning one should be able to manage it and live life well from it. Everybody can not be equal when it comes to earning, and if you try to live above your income it can be a serious problem that one will be struggling to meet up with the necessary things that are important.

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