Article: If You Have Savings In Your 20s, You’re Doing Something Wrong

[Ruptga]

So your happiness is derived from spending, got it.

Oh rule number 5, a timeless classic.
http://www.eurogamer.net/forum/thread/68986

 

[CraKaJaX]

A small part of me hopes it is satire but knowing ED I'm leaning to the serious camp on this one.

I've run into a lot of 20 somethings with the same mindset lately in SF so it isn't like these people don't exist.

Walk down a street in Manhattan and you'll spot them everywhere. I believe this mindset relates to spending mommy and daddy's cash (there's a good chance of this being in NYC). Reality is that probably works for half of them - the other half will be bending over and spreading eagle a few years from now.

 

[JM Aggie08]

Solution: have a boss-ass job, buy what you want, and STILL save a lot.

 

[Imp]

Pretty sure it's real. My former work friends years ago were like that: if you're not spending it all, you're not living...

Good luck if/when you get laid off and no one wants to hire your 40 year old ass because a scruffy 20 year old, fresh out of college is just grateful to have an internship.

 

[SP33Demon]

Article is pure comedy gold

 

[SlitheryDee]

Exhibit 1 in the argument that all opinions are formed by looking at what you already wanted to do then figuring out an explanation for why that's also the smartest thing to do after the fact.

 

[Slew Foot]

When she goes broke she'll just beg some bleeding heart to give her more of someone elses paycheck. now tell me who is the stupid one.

 

[OverVolt]

..

 

[biostud]

I actually started to make a budget so I could justify to go and spend more on fun stuff. I'm a natural saver, but you have to use some of your hard earned money to live your life. And to do that I needed to see how I spent my money.

 

[Fire&Blood]

To each his own. I was on salary pay for the longest time and got fed up with crazy hours (up to 75 a week) and traded down to a hourly pay position within the company. Everyone told me I'm crazy for downgrading. I work 40 hour weeks now for less money but if I worked 75 hours now I would make more than I used to and I have the overtime option if I want it. Avoiding a sweaty uniform at the end of the day is pretty much the reason why I got my degree but I'm much happier now and the exercise is a side benefit too. Late 30's now, plenty of time to regret this decision but I don't see it happening anytime soon. I am <10 years away from being debt free, If I sell my house overseas now and use the money to pay off the mortgage, I'm just a car loan away. A financial disaster that struck my parents was my wake up call, I only started relatively recent but I'm now saving $ with a passion of MMO players, the spartan lifestyle doesn't bother me a bit.

I spent my teens as a POW/soldier, once I moved to US I spent my 20's carelessly, I was all about partying but I have seen the light and for her sake, I hope the article author does too.

 

[brianmanahan]

I hope you still like poetry more than compounding interest when you are still working in your 70s

full disclosure, i do like pomes more than compound interest