I am watching the new Minimalists Netflix documentary (great job, Matt D’Avella!) as I am typing this.
Here’s a scary statistic:
The average American has 4 credit cards.
The average household credit card debt (excluding mortgage and loans) is $16,000+
And that’s average.
This consumption obsession is quickly catching on in other parts of the world too.
Why does this happen?
It’s simple: people buy what they don't need. But more importantly – people buy what they can’t afford.
With all the advertising and consumer culture, we lost touch with reality. We want something and we go buy it. Immediately. The modern world wants us to be losers at the Marshmallow Test.
Dave Ramsey, the author of The Total Money Makeover, and one of the guests in the documentary – said it best:
“Guess what? You won’t ever have money for everything you want. Get used to it.”
That brings back perspective, doesn't it?