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It’s really not that difficult to be broke in a major USA city, on 100k a year, if you work in certain industries or hang out in certain crowds.
by RootKitBeerCat 7y ago
It’s really not that difficult to be broke in a major USA city, on 100k a year, if you work in certain industries or hang out in certain crowds.
- root_axis 7y agoIt's never "difficult to be broke", just spend more money than you have, even billionaires go broke.
- charlesdm 7y agoMost billionaires don't go broke because they spend more than they have on personal expenses. They tend to go broke because of bad investing. Plenty of billionaires became billionaires in the first place by investing aggressively and using debt to build something. And once the music stops, or the table turns, that might all crumble if caught off guard.