Not entirely true. I have multiple credit cards and use them for everything, yet I've never ran into exponential growth.
I don't spend money I don't have.
It's really simple math this way.
I don't spend money I don't have.
It's really simple math this way.
Exponential growth is a fundamental concept of financial literacy. If you want to invest in the stock market or plan your 401k it helps to understand exponential growth. The reason why it's impossible to get rich off a wage is because of the difference between exponential vs linear growth.
>I don't spend money I don't have.
You've never taken out a mortgage or opened a margin account? Plenty of responsible people make money by spending money they don't have every day.