Everyone would love to have his or her own house. Preferably a house that is purchased and not inherited. Preferably a house that is bought with own money and not from smuggling proceeds. Preferably a house that allows you to keep both your kidneys intact. And preferably a house that you can buy when you are still alive. School taught us that man’s basic needs were food, water and shelter. It’s a lie. A huge lie. A lie that we have all lived with. A caveman needed just food, water and shelter not you or me.
Today’s basic needs start with a Wireless Fidelty connection (WiFi for blondies who did not know) and end with a fidget (still trying to understand the sanity behind this device).
All these with rising inflation costs makes me wonder, where are we going? How do I make this kind of money to generate such high purchasing capabilities. Is purchasing power, the power of common man with uncommon needs ?
Purchasing power is restated in economics as “Propensity to Consume”. Not that I paid great attention in Economics class but I clearly remember my teacher drew some random curves. With inflation on one side (rather axis) and savings on the other axis all it tried to say growth in savings should be greater than increase in inflation. All this has to be negated with smart investments.
But to invest, we need funds. To generate funds, you need to move that ass and start working. Simple isn’t it? I can hear your “BIG NOOOO” through this tellmenothing.com portal.
So should I conclude that Purchasing Power is for those superhumans who can make big money? That to buy good stuff you need to earn good money? Smart investments ? Are they enough to meet your money requirement ? Take time and think through this. Because today being able to buy what you want is equivalent to being powerful. Be a power-purchaser.