It amazes me how people get in such huge credit card debt. I think it is comparable to other addictions. Drugs, alcohol, gambling, etc.
People buy things to make them feel better.
I see it in my office of people making six figure incomes all the time. They drive brand new cars. Always have new clothes. Eat out constantly. They work for years and are still in debt.
The boss likes it because he thinks it motivates people to work harder.
I see it in my office of people making six figure incomes all the time. They drive brand new cars. Always have new clothes. Eat out constantly. They work for years and are still in debt.
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Many of them have a negative net worth.