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here is the defintion he uses in the book
‘status anxiety – a worry so pernacious as to be capable of ruining extended stretches of our lives, that we are in danger of failing to conform to the ideas of success laid down by our society and that we may as a result be stripped of dignity and respect: a worry that we are occupying too modest a rung or are abt to fall to a lower one’.
its not as simple as saying i like this person because they have a nice car and nice house. its more subtle. its like saying i am friends with these people we have lots incommon. well why fdo you have lots in common. the answer usually has something to do with status. ie we grew up in the same area (socio econmic background), we went to the same schools, we like playing golf together etc etc….
acceptance by snobs is subtle aswell. have you ever noticed that sometimes you catch yourself speaking differently or acting differently depending on the social environment your in??? we all do it…..
the good ones know we do it and try and be conscience of doing it so we dont contiue doing it because doing it is stupid…thats called awareness…
as to why we pick our partners
a huge percentage of marriages end in divorce….is it possible we choose people without really thinking why we are attracted to them and possibly for thge wrong reasons??? it happens all the time..the author makes an interesting observation about philosophy and people. he says that when you become interested in philosophy and you start to understand the human condition you begin to realise that ‘most people know very little most of the the time’ ie that once you realise that people in general dont know what they are doing then the world becomes a pretty lonely place, but its quite empowering because armed with this knowledge you no longer take what people say too seriously…hence you can deal with stupid things like kjeeping up with the jones’s much better..
this is quite controversial and will probably make those of us who THINK we know everything quite uncomfortable..
and by the way even if you dont agree with him his points have hit a nerve – for a philosophy book (reads like a text book) its been on the bestsellers list for sometime..
acey – your last message just described ‘status envy’ very well. you should write a book..
ah yes – but why do we like some people, and dislike others. he opines that we like people ‘mostly’ because of the status they have. he reckons snobs have a lot to answer for……
we hate them but we wanna be accepted by them…
most of us dont have enuf introspection to know exactly why we are attracted to certain types of people…this to me is as valid a reason as any..
just finished the book. he recommends some of the following
philosophy
christianity/religion
bohemiaamongst others
basically saying all these things give people an awareness of how small they are in the scheme of things. submitting to higher ideals forces etc. will put statuis into perspective – and once this is done you and me will feel less anxious about obtaining it!!!
makes sense to me
how about mowbray? i hear the golf course isnt too bad..
jarred.
travel a bit, experience life a little and by the time yr in your mid 20’s the property market will be alot less risky then it is now..
someone w=once said ‘there is a time for everything’ and im not sure this person meant ‘this is the right time for an 18 year old to get themselves into some serious debt’. unlike 3 years, 10 years and 20 years ago, debt is a huge problem right NOW. so this has to be tempered with your desire to gain financial independance so quickly
chill and enjoy your teens i reckon…
i agree with kay
you know in the history of the world – work as we know it is a relatively new phenomina. it wasnt until we learnt how to be farmers that we actually started to work in jobs for other people…..
setmefree – i hear ya…
the biggest cause of stress in the workplace is ones relationship with peers/bosses etc. if you dont fit in a square hole, if your not a team player, if your slightly eccentric, or from a minority group, the workplace can be a scary place. the best organisations are designed to be supportive but unfortunatley very few actually are!!!
if you dont believe me read figures with regards to depression at the workplace, absenteeism, bullying, harassment….
so dont feel bad that you hate your work and you wanna get out – its normal!!!
if however you are lucky enuf to get a job and be in an environment that is bearable then as kay said having a secure job can be a great thing. there was a quote in the desiderata that said something about the virtues of stable work!!
i would like financial freedom in order avoid being controlled by people or a system that can at times be soul destroying.
good luck on yr quest!
if you wanna see companies that do it right read about the bodyshop, flightcenter, virgin etc
g’day – if you are happy with a 5 pct type return near melbourne i would invest in places like warburton, healseville, ie 45 mins-1hr east to nth east of melbourne. 20k will still be enuf for a 10 pct deposit on a small house and these places although already popular in the last 12 months will continue to do well. sea changes already priced out of the coast will head for the hills and the wine districts and the sense of community which these places have. btw the developers think warburton is flash and plently of spending is penciled in there for the next few years….
good queastion – i chose mine because i live in a bubble. the world is entirely as i see it and the rest of you are wrong (even if you agree with me you are wrong)
jo – come to think of it – forget debt! why not just retire?? next thing your gonna tell me is that your also blissfully happy!!
people like you make me sick! (hehe – well done)
jo – if you own all yours ouright – half your luck..but has you accountant told you you have a lazy balance sheet!!!
i own my car outright!!! theres a start…
if i saw a really good realestate deal ‘now’ i would buy. but really good needs to be discounted to spot. ie it needs to reflect where i think the market will be in 12 months. you will find that the market has already factored that in to some extent..
but generally there are great old saying like ‘the trend is your friend’ and there is overwhelming evidence that the market is in somekind of fall. and the fall could be relatively huge so if your gonna buy make sure that you have all the possible consequences covered.
in the commodity market theres been huge money made and lost in the last 12 mos depending on the timing that you entered the market. shareholder although like it when you make a windfall, absolutley hate it when you lose. so what we have seen is the rise of ‘risk management’ proffessionals as being centreppoint to trading activities. so we as property investors can learn by this. sure buy if you can but have risk mgt strategies to help you avoid the land mines along the way…
so good on steve on his latest 1 day seminar. just on that. sometimes one just cant win
steve has copped some critism in some forums for this upcoming seminar. althou the wording of the event was dodgy (for us cynical australians – rememebr we are not americans) i think the seminar is built around a sound premise.
if he didnt do this seminar and the market dropped he would be accused of not helping people to safeguard there investments. yet now that he is doing this seminar people critisice him for doing a backflip and somehow admitting that his startegies were wrong.
steve – with some people you cant win..
keep it real and the rest will look after itself
cheers
yep established houses cld go up in value. Phew for me!!! i just got in!
btw if youve got some excess cashflow maybe a time to buy some cheap blocks and hold on to them until town sewerage is up and running. its not a matter of ‘if’ but ‘when’. def gonna happen mostly due to environmental concerns
jo – especially due this is the fastest growing area in victoria. huge growth last 4 years and heaps of speculators buying blocks keeping them for a year and then off loading them. blocks in these areas were wrth 20k 4 years ago. last week they were wrth 100k and now back to vrtually nothing.
what a rollercoaster. if you have an established house however you will probably see the value go up due to decreased supply..
jerry if the only lesson you get from the book is that cashflow is central to building wealth then thats enuf. finding +ve cashflow properties is not as easy as it once was. understand the principals and use them when the market is ripe to use them. ive had a few wines for lunch but i hope this makes sense…
mate – the markets crashed….and if you own a dog you no longer can get the first home owners grant..
sunny del – it was a compliment!!!
lets not all pretend were on this forum to learn all the time. especially the regulars. we just wanna chew the fat, speak a bit about property, learn a little, have a go at the shitstirrers, have a laugh and then line up again tomorrow. yack wld be the first one to agree to that summation.
i have never been abusive. although wilandel sound so nice, all the time, im very tempted to hurl some there way.
and kay yr sarcasm is noted
