<There is no word 'overconsumption' in the dictionary of the real rich>

<There is no word 'overconsumption' in the dictionary of the real rich>

1. The biggest reef that prevents you from becoming rich is the "life attitude of overspending a large portion of your income."

2. It is often said that there are three types of overconsumption. 1) These include overconsumption by the wealthy, 2) imitation consumption by the middle class, and 3) disappointment consumption by the downstream.

3. But if over-consumption means over-consumption, then (cruelly) over-consumption by the wealthy doesn't exist. (Because if you're really rich, you'll always earn more than you spend.)

4. Overspending is not done by the rich. It is overspending that people who are not rich and follow their grandfathers (in other words, they don't make much more money than they spend) spend beyond their means.

5. I (= writer Seino) have never heard of rich people suffering from card debt because they spend more than they earn. (If you're rich, you'll earn more than you spend.)

6. (Therefore) it is not a problem at all to spend according to ability.

7. Sometimes they are consumed out of ability, but (consequently) it is difficult to regard it as overconsumption. For example, I don't blame anyone who likes to travel and spends little on what they usually eat and wear, and who spends a lot of money on living at the level of beggars, and travels abroad with the money they have collected. Rather, I believe that he is a person who lives well.

8. A person who gives up all alcohol and cigarettes and uses the money to immerse himself in his favorite hobbies or to love his neighbors is also a person who knows how to live life wisely. Don't you think so?

9. What I conclude is overconsumption is imitation consumption by the middle class and disappointment consumption by the downstream under plausible pretexts. They mimic the consumption of the rich when they don't even have the ability.

10. What's interesting here is that it makes the rich even richer. Because the vast majority of what they spend actually comes from businesses created by the rich.

11. Cha Jae-ho, a professor of social psychology at Seoul National University, once argued that psychological overconsumption comes from a desire for power, saying that overconsumption is to enjoy the thrilling taste of having power, and that buying and collecting rare items is to impress others, the essence of the desire for power.

12. For someone who wants to be rich, there is only one criterion for determining whether or not a consumption is overconsumption. That's "spending for self-improvement or not." It is overspending if you spend it simply to feel good.

13. (In other words, the poor overspend to show themselves off, but the real rich spend more on self-improvement.)

14. If an ordinary person like me, who has no special talent for genius, wants to be rich, the top priority is to save money.

15. Spend everything you spend, enjoy everything you enjoy, and how do you want to get rich? Don't you think so?

- Seino, from <The Teaching of Seino>