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RE: Please Avoid Debt By Any Means - By Going In Debt You Are Selling Yourself To Others
We need to understand that wants are insatiable and as long as we keep trying to satisfy our desires we will keep running into more debts.
I disagree on this one, if we had hard money and markets were free and not manipulated I strongly believe that everyone would be able to save for their desires. This short term thinking has evolved because we can't do anything for the long term because it is too uncertain. Hard money will make people save again and make overtime when they really desire something they can not afford.
Would you classify desires under needs or wants, we have our needs all right which we must satisfy but then there are wants also; things we don't necessarily need but want to acquire maybe because we need to keep up with the status quo or because we simply feel we can afford them- at once or over a period of time.
Regardless of the manipulation of the markets humans (most of us) just want a lot of things even though we don't really need them all. If we don't have the discipline we will just keep trying to get everything and run into more debt.
Even if the market was to be stable and free from manipulations, not everyone will be able to afford all they want, or even the basic life amenities that they need.