LACK OF IMPULSE CONTROL FOR THEIR FINANCIAL MEANS IS THE CORE OF THE PROBLEM.
ANYONE UNDER 30 TODAY WILL PAY $1500 FOR CONCERT TICKETS 8 TIMES A YEAR, BUT WILL NOT PUT $1500 ASIDE FOR A DOWN PAYMENT ON A HOUSE.
NEW CARS-—EATING OUT-(NEVER LEARNING TO COOK EVEN THE SIMPLEST THINGS)-—ENTERTAINMENT—GAMBLING ONLINE-—EVERY NEW ELECTRONIC DEVICE MADE-—MANICURES-—CLOTHES-—”VACATIONS” TO EXOTIC PLACES-—EVEN DRUGS-—
A MILLION WAYS TO EAT UP A LIFE TIME OF EARNINGS & HAVE ZERO OF THEIR OWN PAID FOR.
NEVER EARNED MORE THAN $64,000 GROSS YEAR IN MY LIFE-—AM LIVING ON 3RD PROPERTY SINCE AGE 26. ACRES———— NOT JUST “SQUARE FEET”. OVER 5 ACRES-—PAID CASH FOR THIS 21++ YEARS AGO.
Why are you shouting?
OK, Boomer
An old customer advised me back in the 1980s that automobiles were the biggest waste of money you will ever spend. They depreciate as soon as you buy them. He was wealthy. He own several lumber yards in MI.
Yet, he drove a Ford.
I drive a 2012 Tacoma and a 2011 Lexus. My wife drives a eight year old Honda CRV. My most expensive vehicle purchase was my 2019 Massey Ferguson 1735 cab tractor. It was $33K. A new one is now $47K. Mine is worth about $30K now used.
Lol nice exaggeration there grandpa