Don’t Overdo the Dance of Death: Credit Cards
Credit cards offer the most expensive form of money in the world. Imagine, you’d have to pay for simply using money. For many people, credit is no longer a luxury; it’s just an unpleasant fact, like death and taxes. While people in many countries consider the use of credit cards normal, it doesn’t make credit cards less wealth destroying.
To remedy this problem, go back to the basics of economics. Pay with cash. If you can’t sustain a lifestyle with your paycheck, drop it. No luxury is so important that you play with your financial future for it. If you know that it’s a luxury, then simply let go of it. Don’t think of the ‘moment’; think of the long-term.