Goods and services made to make people financially poor
Our society is divided into financial classes the very wealthy,the middle class, the poor, and the very poor. While many factors determine where we end up, a major one is how we spend our money. Some goods and services, though completely legal, act like traps. They are designed to extract wealth by appealing to our desires for status and luxury, often providing little lasting value. For anyone not already financially secure, falling for these traps can ensure they stay poor. Let's expose four of them 1. The $1,200 Shirt: The Ultimate Status Trap Think of a shirt with a $1,200 price tag. For anyone in the middle class or below, this isn't a purchase; it's a financial hazard. You are not paying for superior quality or longevity. You are paying for a brand name, a logo. This item offers no real value unless you are in the tiny minority who can afford to burn money or whose career depends on such displays. The Reality Check: That $1,200 could be a debt payment, an investment, o...