It is only when one is in deep debt that you find out how foolish you were pretending you were rich.
Sometimes, we think we can have so much money that we can never be broke. Greece has proved otherwise. If a country can go the way of having to deal with riots and poverty for the next generation, you know that your measly $50,000 a year is not something to brag about. You too can become very poor very soon if you don’t check your spending.
Credit card companies have for ages preyed upon those of us who like to spend. They never remind us that we are not as rich as we thought. We use credit to buy everything. From office supplies to a tooth pick. All you hear is, “can I charge that?”
If Greece can go down in flames, you too who is living beyond your means are headed the same way.