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I can't tell who is living beyond their means. Most cars on the road seem to be 50k+ which seems completely crazy to me.
Buuut... the other thing I've seen that is a lot more tragic, people scrimp and save their entire lives, maxing out 401k, no debt, thrift store clothes and manager's special bread for 15 years saving that $3. The discipline and foresight let them build up a healthy pot of money and they blow it all on some idiotic thing. Investing in gold or bitcoin, a house remodel gone wrong, a divorce, big medical expense. Is quite possible to blow through a lifetime of savings in a week or a year.
Lot of people are good at the long term steady savings but don't really understand the nature of volatility and fleeting nature of stability.
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