As a further clarification on my rant about income must be greater than expenditures I was sent the following excellent quote from one of my “readers” about Dickens debt views:
Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
Charles Dickens, David Copperfield, 1849
Even in the times of Dickens, was that simple rule known, wow!
Thank you kind reader.