- Oct 26, 2018
Credit is another kind of answer but it's also another catastrophe waiting to happen. But more to StreetsofBeige's point, I can tell you the one thing that absolutely will be a total fucking disaster for everyone is encouraging people to save money instead of spend it. That's the kind of good advice that will get you shot if you're the wrong person saying it.
Saving money is a totally valid point, especially for people who are broke.
For people who live comfortably, it's really up to them. They have the choice to save, spend some, or blow the bank. I'm in the spend some camp. I want my assets and money to grow over time, while still enjoying my standard of living, which is simply living like a normal guy. I have enough money to have decent stuff, but I'm no millionaire and I still shop for stuff on deal. And I will never blow the ban going on CC debt paying some company 22% interest. Ill gladly paying a 3% mortgage and a 1.49% car loan and that's it. I need a home and a car. I don't need 3 TVs, 3 stereos and 5 pairs of Diesel jeans at $200 a pop
My plan is to retire with dough, and pass on my assets when I'm a dead duck to nieces, nephews and their kids so the family tree lives comfortably. Keep the money in the family thing.