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Originally Posted by speakingtohe
I can empathize a bit as when I was young I spent money (credit) I couldn't afford as did most people I knew.
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Everybody did that once or twice, I think. It's one of the things that teaches you how to handle money. I once bought something, upgrading a piece of equipment, thinking that I had sold my current stuff. Then the buyer e-mailed that he decided he didn't want it. That caused me to be strapped for cash for some time (a few hundred bucks can be a lot in your early twenties), until I sold the current equipment.
Lesson: "Don't spend any money 'you should be getting', because you might never get it."
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Today I know several people earning $100k plus annually whose debt is still mounting...
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I can't even imagine that. With $100K (€73K), one could lead a princely life, even in the most expensive part of the Netherlands, provided that one doesn't do any exceedingly stupid things.