Quote:
Originally Posted by Pastiche
I subscribe to a litany of personal finance blogs and the golden rule of wealth accumulation is spend less than you earn. If you can do that consistently you will come out ahead later in life.
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That is such common sense that it shouldn't even be a "golden rule". To me it equates to "if you would like to continue living you must continue to breathe".
I think it speaks volumes about society that people don't seem to "get" that rule.
People in this country are going to be working until 85 just because of this.
Edit: 'Basic Finance 101' should be taught in school starting in Grade 5 or 6.