Finances and a Sense of Entitlement: Not a good combination
The surest way to F up your finances is to walk around with a sense of entitlement to everything. A thought pattern where you believe that you deserve everything and that you must possess all things. I cannot count the times people first say, “It costs too much”, then turnaround and override their better judgement by saying “Oh, but I deserve it”. Even worse, their friends will reinforce this debt inducing behaviour.
Here’s a question: Do you have debt? YES? Well, guess what? You should not be saying, “I deserve a splurge” every chance you get. A splurge is an occasional thing, not once a week. It’s okay to celebrate debt repayment milestones, just don’t go beyond your means or celebrate all the time.
If I said “I deserve it” to every Hagen Daz bar I saw, I’d be 300 pounds. Get my drift? If you want to be $300,000 in debt, keep saying I deserve it or I owe it to myself. You’ll owe until the cows come home if you keep that attitude.
What brings on my inexplicable rant?
For the past week, I have been volunteering and have been witness to a lot of “I’m entitled to it” type of behaviour. We see it on a regular basis; it’s becoming a societal epidemic. It primarily stems from parents spoiling their kids and not teaching them the importance of keeping control and accountability of their finances. We bear witness to it every day in almost any situation.
During my volunteer week, there were two classic examples:
#1 is celebrity. Spectators pay anywhere from $90 – $300 for a seat to watch tennis and then expect it is their right to have a piece of the tennis player. They have to get an autograph or a photo with them. It’s disgusting the behaviour that occurs. Adults at forty or fifty years of age will push small children out of the way or crush them to get an autograph. What’s worse is some parents send their kids for an autograph knowing their kid wants nothing to do with it. In the end, arguments ensue and no one is anywhere except angry.
What kind of example does this set for our future generations? A poor one showing that we’re a bunch of disrespectful baboons.
#2 is the Do you know who I am syndrome. This one has to be the best, it goes like this: “I have every right to be here and sit in a front row seat even though I don’t have a ticket. My friends are down there, do you know who I am!!!?? I’m friends with <insert prestigious family name here>; you have to let me in now. I paid good money to be here.” Yes, I’m sure you paid good money to be at whatever event you’re at. However, that gives you no right to push someone around who also has a well-paying job, probably drives the same German made car as you but has more manners and class. I find it quite entertaining when some of the wealthy folks like to lord their richness over the wrong people. Could we have a dose of humility please? History has taught us that great nations rise and fall, great leaders rise and fall, well, so can the rich. You could be a billionaire one day and in jail the next with nothing. Guess who will be feeding you dinner?
These are classic examples of the entitlement in today’s society and it needs to stop. It has to stop now. If it doesn’t, there will be disastrous consequences. We could end up in the worst recession ever because we’ve all spent our way into a debt box we cannot get out of. I don’t know about you, but if a recession comes, I would like to be out of debt.
Without taking time to develop our mental strength and willpower, we will continue to use our credit cards as bank accounts until the well dries up. Inevitably, we will become a stressed out, loveless society. It does not take a miracle to pay off debt; all it takes is perseverance and time.
Get a backbone folks, make it your mission to get out of debt and stop buying useless stuff.
End of Rant. Continue with your day and please, please, please pay off your debt!
Do you have a classic example of entitlement and finances? Please share in the comments!More reading: Inside the Entitlement Generation and Narcissistic and Entitled to Everything! Does Gen Y Have Too Much Self-Esteem?