You sure can call me stupid. Fool.
But here is my style of living.
Need smth? New car?
Come and buy it NOW. Paying in cash.
Need new apartment? House?
Come and buy it NOW. Paying in cash.
No debts.
No loans.
No interest.
Ever.
As much as I love American style, it never teched me one thing- living on debt.
I also prefer it the same way, and it keeps you in peace.
If i like something I like to wait and arrange for it rather than tempted by having as a loan.
I appreciate it.
Handing huge cash is getting difficult in India. We are moving more towards digitalization and everything is tracked.
Maybe this works in America but some other countries people rely too much on debt.