It seems fairly simple to me. If you can't pay cash for it, you can't afford it. We've been programmed to believe that more stuff is better. This entire nation is one lost paycheck from disaster. Ask a friend or family member how many credit cards they own and how many of them can't be used because they are maxed out. Now they will waste 20 years of their lives paying interest that could have gone to something more meaningfull. I have a debit card and nothing else. I wish I had figured it out thirty years ago then maybe I could actually think about retirement. As it is that will never happen. Death is my retirement plan now.
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