UBS does not advocate using debt to live
beyond one's means, using margin to leverage an investment portfolio or taking on high-cost debt such as credit-card or car loans.
Living
beyond one's means -- spending more than you are bringing in or earning -- is a very harmful approach.
13 -- Living
beyond one's means is that he is always living ahead of himself, spending money that hasn't yet landed in his pocket.
This attitude to live
beyond one's means leaves the majority of low and middle-income Indian expatriates in the UAE and other Gulf nations in debt or with a financially uncertain future, said a financial consultant, whose social organisation recently conducted a survey among Indian expatriates about their saving habits.
According to CRI, spending
beyond one's means is a habit across classes.