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RE: How Do You Deal With FOMO Spending, Peer Pressure and Rising Debt?

in #life6 years ago

I personally believe that the way most people on this planet measures success is through their own personal wealth. Although often times the reality is wealth is not the sole source of happiness the necessary need to prove or feel rich is to spend more. Whether we spend more than what we like to or beyond our means the world is currently set in a inflationary mode therefore we all will sooner rather than later have a time where we spend more than what we should have. Rather than making this a sin it should be accepted as a right of passage but not be done every single time the opportunity presents itself. Like drinking we all know it is bad for health if we drink every day but to drink once in awhile is okay.

Trying to control spending is difficult but important for an individual's survival. We here it day in day out when it comes to saving for our retirements. A penny saved is a penny earned. How come there are so many Americans struggling to retire is basically because they did not save enough when they needed to. I would imagine this is happening all over the world not just in America.