Quote from: SirLancelot on August 27, 2022, 11:28:32 AM

Quote from: Markinzo on August 23, 2022, 08:38:27 PM

Am still trying to come to terms as to understand how "someone that can hardly feed himself twice daily" is capable of buying expensive phones and luxury cars like the OP emphasized above.
Isn't that statement contradictory? Cause for example, if a person can afford an expensive phone like an iPhone 13pro for example or any expensive car like a Lamborghini then definitely such a person can not just only be capable of feeding himself but his family and friends!

So am not sure I understand the point your trying to make except that you deviated from what I could suggestion as the intent of the thread which is " it's better to acquire more assets than liabilities", and not the other way round as you just unsuccessfully tried to confuse me.

You are correct there but I think what he is saying is also correct and mostly applies to the poor society now. Poor often tends to prioritize things which aren't really that important like mobile phones and they wouldn't mind it even if there is less food on their plate or if they can not eat thrice or twice a day due to much budgeting because they are saving for the money on their dream gadgets.

This is why their situation won't improve because of this poor mentality. When we already have a phone or something that is still functional, it is not necessary to purchase another one or the latest model but instead let us prioritize things which are more important or use the money instead for assets/investment.