There are few things we young people like more than competing for status. Unfortunately, we’re often tempted in the direction of acquiring status by buying stuff we can’t afford so we can fool people into thinking we have wealth we don’t have.
Look – it’s not cool to flout riches under any circumstances. But if we absolutely *must*, why not flout our richness in time? Let’s like the time billionaires we are.
Real monetary wealth (as opposed to rented Ferraris) comes with wisdom and age for most. But ask any 40 or 50-something what they wish they had, and they would covet what we young people have to spare: time.
Sure – we can’t afford Ferraris in our 20s. But we have ample time to restart a career in the automotive industry. We have the time to actually go to work for Ferrari, or any car company of our choosing (Tesla) and retrain, climb ladders, and build careers working around cars we love. The 60 year-old executive who can finally buy one of their vehicles can’t do that so easily.
We can’t afford houses, but we can learn how to build them. We can’t afford home cinemas, but we can dabble in acting. We can’t afford elite universities, but we can afford to spend weeks reading whatever books we want.
Why do we not find this luxurious in itself? We still have relatively limitless potential, (most) of the time in the world to realize it, and even some time for mistakes. Instead of cashing in on our futures by indulging in extravagant physical things, wouldn’t it be much more satisfying to indulge in extravagant uses of our time? *That’s* high-status in its own way.