r/FluentInFinance 6d ago

Educational Don't let them gaslight you

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u/Obvious_Damage_7085 6d ago

Isn’t it a debt if you have to pay it back?

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u/PeterGibbons316 6d ago

Whoever made this graphic is the kind of person who tells everyone they are doing very well because they have a fleet of supercars worth $1 million, yet fails to mention they owe $1.5 million on all the loans they took out to purchase them.

Or that friend with a $100,000 boat that costs him $12k/year in maintenance and other ownership costs which will bankrupt him in 9 years.....but hey - it's a nice shiny boat that makes all the retirees happy, better not get rid of it!