I see young people who I know buying luxury goods when they have heavy debt already. Items like iPhones and bottled water are silly.
I have had the good fortune to be friends with a woman in her fifties who owns about forty rental units and two other businesses. She has an old flip phone and takes her own self-bottled water and drinks everywhere. (She and her husband do all of their own roofing as well.)
The difference between being poor for life and eventually being rich are demonstrated above.
It’s almost like the schools and parents have stopped teaching the fable of “The Grasshopper and the Ant”.
It’s almost like the schools and parents have stopped teaching the fable of “The Grasshopper and the Ant”.