Wealth Vs Consumerism.

Consumerism is the method of dissipating wealth. Dissipating wealth is the method of liquidating wealth and distributing it to others. To paraphrase, wealth is spent to buy consumer stuff that don't have a store with value.

How often have you heard somebody say, I just invested in a bass boat? ( Or in a huge screen Television or a DVD player, iPod, and so on.

To grasp a bit more about how condo possession works, relate it to owning one piece of a pie. The established apartments with long term residents are doing miles better than lots of the newer buildings still containing a number of developer-owned units. Mortgage. A condo such as The Mark on Brickell, had units listed for $600,000 some years back, those self same units can be bought for about $200,000. Sounds like a great deal? About thirty p.c of the units in the condo are in default that has ended in apartment charges of approximately $1,000 or higher. Then, when the! inescapable bad thing occurs,eg losing a job or having a major health problem, the buyer is right away in finance difficulty. Becoming rich is just amassing items or ideas which have a store with value. An item is a physical thing, for example gold. An idea is a non-physical thing,eg a guarantee to pay, as in debt.