truly needs from what one wants. To defer 'wants' until one can
pay for them out of pocket is one of the keys to financial success in our
imperfect world. To do otherwise is to simply pay more (through interest
and financing costs) for what one doesn't need, and in the end have
fewer of one's needs and wants satisfied. But in the end we're all dead, and comparing the relative subjective
value of things in the present with those in the future is tricky. So, less
things now vs more things later could be seen just as a matter of
individual preference with more or less desirable consequences
depending on the person. Buying only what you can afford now, and putting off the rest until later,
is just a general rule that promotes favorable financial and happy
outcomes. Like retiring at 50.
 Chance favors the informed |
