It is not bashing man. As I explained elsewhere this is just a symbol. I am not that young anymore, and I've seen this play have been played a few times now: boom and bust, boom and bust, and to make things worse, now it looks like our wheater supercharged by global warming: faster and more violent swings.
You'd get surprised how fast people can spend money while looking financially healthy. More so when they live in places with insanely high Cost of Living, like London, NYC or the Bay Area.
The Peloton is just a symbol of overconsumption, maybe unfair, maybe inexact, but an useful symbol anyway. It usually comes along with the multi-million mortgage, a lot of the wealth in papers that can get marked to zero overnight. Then you have all the expenses that come with an expensive lifestyle: lavish trips, expensive restaurants, maybe a boat, maybe a couple of very expensive to maintain german cars. And did I mention the multi-million 30 years mortgage that could also become underwater?
I've been there in the past, done that, get some sleepless night thinking not about the next month, but about the next year, and they year after that one. By sheer luck I've avoided the worse, but I got the lesson that you need to respect your money, as much as you have of it, it is not infinite. Buying something just because it looks inexpensive compared to your income is not a good idea.
You'd get surprised how fast people can spend money while looking financially healthy. More so when they live in places with insanely high Cost of Living, like London, NYC or the Bay Area.
The Peloton is just a symbol of overconsumption, maybe unfair, maybe inexact, but an useful symbol anyway. It usually comes along with the multi-million mortgage, a lot of the wealth in papers that can get marked to zero overnight. Then you have all the expenses that come with an expensive lifestyle: lavish trips, expensive restaurants, maybe a boat, maybe a couple of very expensive to maintain german cars. And did I mention the multi-million 30 years mortgage that could also become underwater?
I've been there in the past, done that, get some sleepless night thinking not about the next month, but about the next year, and they year after that one. By sheer luck I've avoided the worse, but I got the lesson that you need to respect your money, as much as you have of it, it is not infinite. Buying something just because it looks inexpensive compared to your income is not a good idea.