18
LIFESTYLE
Probably one of the most common reasons people have money problems is because they live a lifestyle that either perfectly matches their income (spend all you earn) or, more commonly, they live a lifestyle that is beyond their means (spend more than you earn).
David Grant CBE, the former Lord Lieutenant of County Durham, whom I knew from my fundraising days, once gave me a brilliant piece of advice about living beyond your means. He said: ‘If you can’t afford it, face facts – you can’t. Don’t buy it. If you think you can just about afford it you probably can’t so still don’t buy it. And if you are certain you can afford it then try and get it in a sale.’
The ‘appearance’ of wealth
I never really knew what he meant by that until ...
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