I generally find that a lot of what Ramit Sethi says makes sense and/or is just good advice, but this one line from his recent emails is something I can't let pass without comment:
Too many of my readers end up in a situation where they saved and saved and saved . . . but never learned the skill of spending. Do you want to end up 70 years old with
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and on top of that, I'm pretty sure that, after adjusting for inflation, I'm making less money than he was at my age -- even before you consider that it was a two-income household and mine is not.
however, I have the advantage of not having the three children he had at my age and the huge financial drag that comes with that. so while I've accepted that I will almost certainly never own a 2,800 sq ft house on 1 acre like the one I grew up in (at least not in New Jersey), I also have less need for such.
remind me again, which generation is it that is projected to be the first one worse off than their parents? is it ours or the next younger?
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