I was suddenly middle-class-ish for a brief period last year. I have been mostly on the poor side for almost 14 years. To give you an example, I earned around $7,000 in all of 2014 and my average monthly income from 2016 through 2018 was $1800.
I did what was necessary - learned to cook, worked odd jobs, moved around frequently to find cheap accommodation, slept on all sorts of beddings and, sometimes, on the street, abstained from luxuries and travel etc - during this time.
Then, last year, I found a sweet gig and my income suddenly rose way beyond my expectations (around $6,000 per month). That was also the time I moved to a new apartment. I spent some of the new money on furnishings and living a comfortable life - not thinking twice about splurging on a meal or clothing. I invested in the stock market and opened an IRA account.
At the back of my mind, however, there was a nagging feeling that it wouldn't last. Sure enough, I lost the gig in February this year and am surviving on IRA money and credit cards. I forgot to cash out of the stock market near the top and suffered losses of almost $3,000. I am loathe to move out of my current place though I have a feeling I will have to, eventually. I am back to cooking all my meals and thinking twice before making purchases.
I am not sure if it is a cycle but poverty is definitely a mindset. I've been on the other side where I was making decent money that allowed me to live comfortably (not ostentatiously). I was in a better mental state. Lately, I have been pretty depressed (although things are not as bad as they were in 2014) and exhausted all the time.
I did what was necessary - learned to cook, worked odd jobs, moved around frequently to find cheap accommodation, slept on all sorts of beddings and, sometimes, on the street, abstained from luxuries and travel etc - during this time.
Then, last year, I found a sweet gig and my income suddenly rose way beyond my expectations (around $6,000 per month). That was also the time I moved to a new apartment. I spent some of the new money on furnishings and living a comfortable life - not thinking twice about splurging on a meal or clothing. I invested in the stock market and opened an IRA account.
At the back of my mind, however, there was a nagging feeling that it wouldn't last. Sure enough, I lost the gig in February this year and am surviving on IRA money and credit cards. I forgot to cash out of the stock market near the top and suffered losses of almost $3,000. I am loathe to move out of my current place though I have a feeling I will have to, eventually. I am back to cooking all my meals and thinking twice before making purchases.
I am not sure if it is a cycle but poverty is definitely a mindset. I've been on the other side where I was making decent money that allowed me to live comfortably (not ostentatiously). I was in a better mental state. Lately, I have been pretty depressed (although things are not as bad as they were in 2014) and exhausted all the time.