People are financially illiterate. They used to teach this stuff in schools, but that stopped a long time ago.
Also, our whole culture is obsessed with consumerism and impressing other people with all the swell stuff you bought, or the fabulous vacation you had. It’s a shallow existence.
“...our whole culture is obsessed with consumerism and impressing other people with all the swell stuff you bought, or the fabulous vacation you had. It’s a shallow existence.”
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Spot on. You just described half of the people in Southern California.
Live below your means. Debt is slavery. Enjoy the decline, Progs.
Added to by 20 +++ years of PARTICIPATION TROPHIES
GREAT RESULTS, EH???
I owe nothing except the mortgage on my house at a very low interest rate. It is only 120 k. I have enough money to pay that loan off. Today I earn more interest in CDs than the interest on my mortgage. When and if that reverses I will pay it off.
My grandparents who knew the depression and raised me, taught me well.