I learned from my parents not to buy anything unless you can pay for it cash! That is a bit hard if you want to buy a house. So the bank steps in with a loan. They create money what is not actually there and ask interest over money that does not exist. This is how banks work, they are the greatest thieves unfortunately for most you depend on them for buying a house. All other stuff like the cool car has more to do with ego. That is one's own responsibility. I still live without a credit card.
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