The Importance of Living Within Your Means and Saving Money

In today’s world, social media often makes it seem like everyone is living a life of luxury and wealth. We see people going on fancy vacations, driving expensive cars, and wearing designer clothes. But what we don’t always see is the pressure and financial stress that can come with trying to keep up with that lifestyle.

The story of Brandon and Candice Miller on August 8 New York Times article is a powerful reminder of what can happen when you live beyond your means. They appeared to have it all—a big house, glamorous parties, and a popular Instagram account showing off their luxurious life. But behind the scenes, they were drowning in debt. Brandon borrowed money just to keep up appearances, and when the pressure became too much, it ended in tragedy.

https://www.nytimes.com/2024/08/08/nyregion/brandon-miller-suicide-debt.html

Summary of the New York Times Article
Brandon and Candice Miller were a prominent couple in New York’s social scene, especially in the Hamptons, where they projected an image of luxury and success on social media. They hosted glamorous parties, lived in lavish homes, and Candice ran a popular Instagram account, “Mama and Tata,” showcasing their opulent lifestyle. However, behind the scenes, their finances were in shambles. Brandon, a real estate developer, was drowning in debt due to failed business ventures and the couple’s extravagant spending. He took out multiple loans against their properties to maintain their lifestyle, which ultimately proved unsustainable.

In July 2023, while Candice and their children were vacationing in Italy, Brandon committed suicide after a deal he hoped would alleviate their financial crisis fell through. His death revealed the true extent of their financial troubles, including lawsuits, repossessed assets, and unpaid debts. The once-glamorous life they displayed on social media was built on a fragile foundation, leading to a tragic and very public collapse.