Agreed wholeheartedly.
I never got out of that lower middle class mindset and I’m blown away by what some cousins and sisters/brothers are making!
But it was ALL hard work.
And I can’t complain :) Have a comfortable life.
But I tell my niece, who’s 26 and has saved about 18k, IT DOESN’T DO ANYTHING AT ZERO PERCENT!!
She is young. Now is the time to take calculated chances. But she is in the lower middle class frame of thought and terrified of losing it and thinks it’s a tremendous amount.
It may have been once...
“...26 and has saved about 18k...”
But it’s an accomplishment in this day and age, for sure... when so many 20 somethings are sitting in Mom’s basement.
But by all means, continue to coach her and keep on it. Sometimes, that’s all someone needs - a mentor.