This is much harder said that done for a lot of people. I've been blessed with a healthy level of fear of debt. It is not a gift everyone has.
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This is much harder said that done for a lot of people. I've been blessed with a healthy level of fear of debt. It is not a gift everyone has.
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Yes and for many, it simply is a lack of self control. They simply cannot control their desires and have to spend on a new phone, car, clothing, or whatever.
Even if they dont need it.
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Sadly, this is often the case. I think much of comes down to temperamental factors. Some people simply have higher time preference than others, making them discount the future to a greater degree. It works in an unpredictable environment where it pays to be an opportunist. Unfortunately for them, the modern world does not work like that.
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