Quote:
Originally Posted by NuclearFart
It's been mentioned before but it bears repeating - some people are just plain bad with money regardless of income. Their spending habits and waste levels just scale with the money.
It's actually quite easy to have a really high cash burn rate in this city without resorting to vices, especially if you're surrounded by colleagues doing the same thing. I know a few high income earners who have a personal shopper at Holt, drink/eat out all the time, fancy car lease(s), fly first class, hotel suites instead of regular room, huge mortgages...etc. Some of them live hand to mouth with big debt, just as they did making 40-50k/year a decade ago.
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Completely true. Very easy to burn through money in a big city. In fact, low impulse control a few days a month can really cause a spike in expenditures.