Why Your Boss Might Want You to Live Above Your Means

Often times, when a high ability person that has a lot of potential and credentials, acquires a job, their boss secretly wants and encourages them to spend above their means.
Your employer probably sees what an attribute a worker such as yourself is to their system, their business, and they want to be sure to keep you around.

What Is “Living Above Your Means”

Living above your means is a cycle that occurs when a person spends in order to show their success, preventing them from acquiring any savings or financial security. This causes them to rely on their job to be able to keep up with a lifestyle that would disappear completely if they lost said job.

When a person is hired at a new job or receives a promotion, they often go out and buy their first house.
What comes with a house? A mortgage. Then you might decide you also need a new car, to match your new job. So you buy a Mercedes because your job requires you to be able to impress others and show them that you are doing well.

The cycle continues into your entire life. Where you eat, what you wear, what you buy, is all centered on the belief that you need to look wealthy in order to be wealthy.

JOB

Your bills pile up and you live this lifestyle of being successful but this lifestyle relies completely on your source of income…Your Job. Better known as “Just Over Broke” Whatever you are earning from your job is that sole platform that you have built this over-the-top lifestyle on.

Your Boss’s Impact

Often times your boss is the one encouraging you to live this lifestyle. This is what you are taught from the very beginning. The bosses wants you to be financially tied to the job so that in order to keep your life afloat, you need your job.

Because your paycheck is going directly into paying for this lavish lifestyle, you are unable to save or start your own business in order to build wealth. You end up in this situation of your boss controlling your freedom. Often times this can be due to some personal reason instead of lavish lifestyles, but today I want to focus on those of you that are stuck due to living above your means.

I am talking about the people that have been spending a bunch of money in order to look successful, and might have been encouraged to do so by their boss. This creates the opposite of independence, it digs you into a hole. Thankfully, there are ways to climb out of this hole, and you can find more on the subject in my video “Personal Finance Wisdom You’ll Hear Nowhere Else.” Check it out for some great tips and wisdom on the subject.

Ending the Cycle

In conclusion, the key is to get rid of as many personal expenses as you can and start producing more revenue. You can flip houses, like what I teach, or follow a different route, but the key is to make more money. You must grow into a position where you are no longer stuck in a cycle of spending, so that you can save and invest in long term wealth.

What Boss’s Want

A lot of bosses want their high potential employees to be stuck. They want you to rely on the job so much that you will not be able to leave. Your employer makes money off your potential and they want to continue to do so.

For me personally, I constantly encourage my employees and partners to purchase real estate. I want them to have the options and freedom that come with building wealth.

Optimistically you have a boss that’s similar, but most do not. Most people have bosses that want them tied down to the job so that the boss and his superiors can make more money off of them. So if you are young and just starting out, be aware of the signs of a boss influencing you to spend and do not fall for it.

For More

If you want to learn more about how you could work directly with me and my team in doing real estate deals, and begin making more money, head over to my website, Freedom Mentor, and apply to my apprentice program. In that program what we do is we work with people step-by-step, helping them do deals together. If you have any comments, anything you want to talk about related to this article, go down here below to the comment section. I try to carve out time out of my schedule to answer, and respond to those. Thank you so much.