This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Living above your means leads to inevitable financial failure
“A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year.
In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses (Source: Forbes).
Living above your means is common practice, which is why most people are in debt. And it’s relatively easy to continue living above your means, in the world that prioritizes financing.
You can finance your car with a car note.
You can finance your life with credit cards.
You can finance your home with a mortgage.
You can finance your education with student loans.
Most live above their means.
Key Takeaway: What is the outcome of living above your means? You never build wealth. You’re constantly subtracting from your net worth, which leads to inevitable financial failure.
Consistency beats intensitymedium.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.