Here is the link.
The difference is the same between the rich & poor. The rich think long-term and the poor think about the next day. Hence, living paycheck to paycheck.
When you are thinking long-term the first realization is this asset (iPhone) will not provide a monetary Return On Investment (ROI). Preferably the next thought that races in are the money spent on the iPhone could be better invested elsewhere.
Hopefully, you are starting to see the bigger picture on the differences of a consumer & investor thought process. When you adopt the investor mindset you literally start analyzing every extra purchase. Not just with the new iPhone but other consumer products as well. Consider the larger purchases you will have later in life such as a vehicle or home. I have seen people purchase past beyond their means which limits your investing power by thousands of dollars in a lifetime.
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