The moral of that cartoon is that we should all become beggars I guess.
It's a funny way to represent it, but there is one person missing from that cartoon. The person that refuses to go into debt, saves until they have the money to spend on whatever it is they want to buy. Another useful addition would be someone with a mortgage that they actually pay off on, their net worth would likely dwarf the net worth of the beggar.
>It's a funny way to represent it, but there is one person missing from that cartoon. The person that refuses to go into debt, saves until they have the money to spend on whatever it is they want to buy.
There's another person missing from that picture - a person who has debt and has positive net worth.
Honestly debt is not a boogeyman, it can be very enabling and given the current economic situation, interest rates and economic outlook people saving are going to end up on the losing side in the long run.
Yeah true (and the point actually) I was responding to OP who was talking net worth and got confused I just bunched all those people in comic into negative net worth :D
> The person that refuses to go into debt, saves until they have the money to spend on whatever it is they want to buy
That's me!
> Another useful addition would be someone with a mortgage that they actually pay off on, their net worth would likely dwarf the net worth of the beggar
And they're so old their body has given up and they spend their days sitting in front of the TV, thinking about all the things they wish they did in their life.
> And they're so old their body has given up and they spend their days sitting in front of the TV, thinking about all the things they wish they did in their life.
It's a funny way to represent it, but there is one person missing from that cartoon. The person that refuses to go into debt, saves until they have the money to spend on whatever it is they want to buy. Another useful addition would be someone with a mortgage that they actually pay off on, their net worth would likely dwarf the net worth of the beggar.