Afraid of Looking Rich
The insurance company decided that my 20-year-old Oldsmobile wasn’t worth fixing, and they considered it a total loss. So I had no choice but to get a new car.
To make a long story short, I wound up getting a 2005 Toyota Solara convertible in perfect condition with only 48,000 miles. It looks brand new.
It looks so good that the next day, when I got stopped for speeding, as the cop walked up to my car, she looked down at me and said, “Hot car!” (Fortunately, she gave me a warning, not a ticket.)
For years, I have been doing my best to live modestly as I learned how to manage my cash flow and save for the future – not an easy thing for me coming from a debting background.
All sorts of thoughts went through my mind the next day as I questioned whether I did the right thing. Actually, I got a really good deal on the car and didn’t overspend, and I soon realized that my discomfort came from my fear of looking rich.
I discussed this at length in the Financial Transitions episode of my podcast. I hope you’ll give it a listen.
This happened at a time when my business is going through a major expansion. As I deal with the details of allowing this to happen, I notice a certain resistance. Here too, I’m aware of my fear of changing my financial position, which is quite comfortable now, but certainly not what I’m capable of earning.
I’m sharing this because many people have the fantasy that as they move into prosperity, it will feel terrific. It does, but it also comes with the discomfort of change, which is perfectly natural.
Remember, your brain is hardwired to warn you of danger any time you make a major change. In order to reach a new position in life, you have to learn how to ignore the warning and move forward, which is what I’m doing now.
As you change your financial position, it can alter your relationship with the people you know, your family, and even your relationship with yourself. Are you ready for this?
No matter what your current financial situation, this is a good time to examine your beliefs about wealth and wealthy people, so when you start moving up the financial ladder, you can recognize fears that may hold you back.