Person 1:
Bought the latest iPhone.
Person 2:
Bought a second hand Android.
Who is rich?
Person 1, right?
But then you get to know…
Person 1 earns 30% per month of what the iPhone costs.
Took an EMI to pay for it.
Person 2 earns 200% of what the phone cost her.
Paid for it in full.
Now who is rich?
Buying something that erodes in value on debt, does not mean being rich.
It means you borrowed money to show it as yours.