Many seem to believe that things cost more dollars than they did in the past. This is either stated out of ignorance or some kind of agenda. Most people took the time to go through their budgets today compared to 40 years ago.
In this video I dispel this myth by looking at both technological progress and one of the biggest factors overlooked: the idea of free.
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BEER.@taskmaster4450le bravo sir...I really learnt alot from your video...you made so many valid points that are food for thoughts...
I believe that everything goes in proportion
For example, if your income is now 10 thousand dollars and you spend 100% of your income
If your income is a million dollars after 100 years, your expenses will be a million dollars
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The problem most people have is they sped 105%-110% of what they earn. Thus they are always in debt, no matter how much money they make.
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That's pretty much the case all over the world. Temptations are way higher, you have so much stuff around, people get credits and they live their whole lives in debt. I don't see any problem with that if it's not stressful. At this point though I would only take a credit to invest that money in something that would make me money. I would take credit for crypto as well.
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That is true,they engage in overspending which causes alot if debts for them and even make them become so bankrupt .
That is why everyone needs to always learn to create budget for whatever they do so that they can be able to save parts of their income and not spend the whole income,spending the whole income which you earn is not good at all because we need to learn to save for the rainy days...
I think the biggest issue is that everyone looks at things in relative to others. So in this point of view, that guy has something 10x better than me so it means I can purchase less. Whereas if you compare that same thing to 10 years ago, it is worth 100x because it leagues beyond what you could get then. Technology is just rapidly improving faster than people can recognize.
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@taskmaster4450le I believe it is stated out of ignorance....they say things without having proper knowledge about what they are saying,the annoying thing is their opinion mislead alot of people especially those who believes totally on public opinion ...