william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
Most people realize this about themselves and many realize that:
Status does not buy gas and groceries, lottery winners generally go broke and debt is what can make you homeless.
The higher status choice is usually the wrong choice for survival, getting nicer toys with debt is the express lane to skid row or living in your car.
Starting with your smallest debt and paying it off first is less understood but that is the most effective way to get out of debt getting rid of the mortgage and car payments is the last thing to pay off so why do people value the survival of themselves and their offspring so little?
Status does not buy gas and groceries, lottery winners generally go broke and debt is what can make you homeless.
The higher status choice is usually the wrong choice for survival, getting nicer toys with debt is the express lane to skid row or living in your car.
Starting with your smallest debt and paying it off first is less understood but that is the most effective way to get out of debt getting rid of the mortgage and car payments is the last thing to pay off so why do people value the survival of themselves and their offspring so little?