The Debt Looks Better on the Other Side

I’ve heard this before, and I wonder how true it is. When you make more money, you have more debt.

First thinking about that, I ask myself “How could that be??”

But when I think about it a little bit more, I think I can see how that can happen. When you make more money, you get used to a certain lifestyle. That lifestyle can mean accumulating debt in order to maintain it constantly. Just because you make $300,000 a year, it doesn’t necessarily mean you can afford a $50,000 car without taking out a loan.

Now, if Bill Gates has debt, I would be SUPER surprised :)

Technorati Tags: debt, more+debt, bill+gates

Posted by Tricia on February 17, 2006 at 11:53 PM in General Debt |
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