I remember a white kid in my class talking about how his parents made 320k combined and they still “struggle” and thinking to myself: “It’s probably because they don’t know how to manage their fucking money and live above their means, but sure, just pretend it’s not their fault”
A few minutes later, he mentions that they vacation 3 times a year, own 3 cars, and spend $1000 a week (A WEEK) on food.
Long story short, I refuse to feel sorry for any of you upper-middle class folk that pretend you’re struggling financially too when you just have no sort of financial management skills.
I remember reading about a couple who were both dentists and said they were living “paycheck to paycheck” but spent 10k a month.
tbh no matter how rich i get… i don’t know how i could ever spend 10k a month… like how.
Living above your means
This is a big reason the recession happened. The recession was caused by the real estate market crash. People were buying houses way beyond their means. They’d be making good money, but their mortgage was like 90% of their salary so they barely had anything left over for food and bills. And then when anything went wrong in their lives they had absolutely no safety net.
Not to mention all the fools who were house flipping, which is such an obvious pyramid scheme. You’re renovating a house thinking you’ll be able to sell it for more not realizing there are a shitload more people poorer than you than there are richer than you and eventually you’ll hit a point where no one can afford your house including you.
Thoughtfulfangirling 