My cousin who lives in Hong Kong is an urban yuppy (young professional) with a relatively high income. He is a very lucky young man as his parents love him enough to purchase a residential unit for him. As he was going on a merry go round of changing girl friends, he was also Steve Jobs' ideal customer. He purchased every electronic gadget that comes off the conveyor belt. Just to illustrate his devotion to such gadgets, he owned eight hand phones after entering into the job market less than three years. One he gave to his brother, the second discarded ended with his dad, the third went to his then girl friend, the fourth went to his mum, the fifth he tried to give me. I did not take it as I heard that hand phone needed something done to it before it would function in another country. Perhaps he still has perfectly functioning hand phones languishing in his dresser drawers, who knows?
My husband's nephew is another high flyer. To date, he gave us a desk top computer, a note book, a smart phone and a tablet. While I am extremely grateful to him for his immense generosity, I see his poor wife's frustrations in getting him to save for investment. It is wonderful that he earns well and also has a high potential of earning more in the future.
Could this be another form of addiction? I know it is disastrous to be an alcoholic. Perhaps it is terrible to be addicted to gambling. It is also quite bad to smoke six packs of cigarettes a day. It is not that bad to drink seven cups of coffee daily. How about being compulsive to possess the newest item made by Apple, for six months at least until the next model comes out?
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