SAJ-99
Well-known member
Agreed. I think the point has been made a few times that the amount of earnings doesn’t prevent you from overspending being broke. The two aren’t mutually exclusive. However, about half of Americans have an earning problem. I don’t make this point to derail the thread, just to point out that people who give financial advice are target a pretty narrow subset of the population, and making themselves rich doing so. God bless capitalism.95% of the broke people I know have a spending problem, not an earning problem.
I know of an alleged billionaire who filed for bankruptcy, a few times. the system is set up to encourage risk taking, but it doesn’t penalize failure.I know exactly one billionaire. I know a couple dozen folks who filed bankruptcy.