One of the ways I try to stay humble is the choices I make concerning what I buy for myself. I could buy any car I want with cash and not even think twice about it. Instead, I choose to drive a total crap car that definitely has "Beater" status and is barely worth $1,400.00 and I call this little green car "The Green Bean." Driving this totally ugly car (an old Ford Focus) with no air-conditioning helps me keep things in perspective daily. I'm positive that when I drive up to the gym every day, people think I don't have a pot to piss in and when I tell them I trade stocks, I'm sure the first thing they think is "This guy's never trading for me." I also buy almost everything for my needs at Wal-Mart and never splurge on myself. I take much more satisfaction in helping others in need. Keeping things real in my personal life allows me to keep stock perspectives real and when you're buying stocks at "Beater" prices with little downside risk versus great upside potential, making money is a piece of cake.
There's a total disconnect when you see scam companies like YASH, whereby the CEO pays himself an enormous salary according to their SEC filings versus a very successful company, whereby the CEO pays himself no more than $150K. Making the choice to pass on Company A and buying into Company B is as easy as brushing your teeth. Amazing that many people just can't figure that out, but into Company A and proceed to lose their entire investment.
