I believe that everything goes in proportion
For example, if your income is now 10 thousand dollars and you spend 100% of your income
If your income is a million dollars after 100 years, your expenses will be a million dollars
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The problem most people have is they sped 105%-110% of what they earn. Thus they are always in debt, no matter how much money they make.
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That's pretty much the case all over the world. Temptations are way higher, you have so much stuff around, people get credits and they live their whole lives in debt. I don't see any problem with that if it's not stressful. At this point though I would only take a credit to invest that money in something that would make me money. I would take credit for crypto as well.
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That is true,they engage in overspending which causes alot if debts for them and even make them become so bankrupt .
That is why everyone needs to always learn to create budget for whatever they do so that they can be able to save parts of their income and not spend the whole income,spending the whole income which you earn is not good at all because we need to learn to save for the rainy days...