Quote:
Originally Posted by CorsiHockeyLeague
Enough out of you; we all know you're one of the "avocado" people.
Seriously though Cliff's pretty much got it. I spent, in retrospect, stupid amounts of money in my 20's on things that I didn't really need to spend money on and rented until this year. Had I not done so, I still wouldn't have been able to buy anything I'd have wanted to live in even in the Calgary market, and if I was buying somewhere like Vancouver? Lololol. Not a chance.
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Oh, I fully admit to being an idiot with my money, throughout my 20s, but I don't have any kids, my rent is $600/month, and I'll have a full pension by the time I'm 55, so it's all kind of working out.
That said, I grew up in a broken home where my dad was played the classic rob Peter to pay Paul game with his creditors, and my mom was bankrupted by legal fees during their divorce proceedings. Not exactly two great sources for financial literacy.
I'm just saying I doubt Zarley and Tacopuck were just naturally inclined to invest. They probably had at least a guiding hand from their parents if not some actual instruction.
I think you can probably look at some of the spending habits of millennials, such as eating out, and trace that back to upbringing, too. Both of my parents taught me how to cook from a young age and also made me go grocery shopping with them and would explain to me which foods were overpriced/underpriced and why.
Ususally good habits are a product of good upbringing and it's very hard to ingrain new ones past a certain age without some sort of foundation.