We all are going through a very difficult situation. Many of us are not allowed to go outside our homes, and we are stressed about our physical, mental, and financial health.
Many people are losing jobs and are experiencing pay cuts.
How does a scarcity mindset lead to debt?
Before answering this question, it is better to discuss what is meant by ‘scarcity mentality’ and how it is related to finance, if a relationship can be explained at all.
If you’re about to retire, it’s quite natural that you might want to move to a more comfortable place than your existing home, after retirement. In that case, you won’t be thinking about renting and simply ignore the benefits of renting.