Half of the US government's financial assets are student loans

Re:Half of the US government's financial assets are student ... by the_gastropod on Friday January 12, 2018 @05:02PM (#16136718)

This is really dangerous advice, especially for the poor. Crypto "investments" only multiply by convincing the next person down the line to buy your <coin of choice> at a higher price than you did. Add to this that there are no consumer protections around it, and it's an absolute honeypot for scammers.

99% of the key to wealth is to live beneath your means. It's unglamorous advice, but it's absolutely effective.

[ Parent | on HN ]

Re:Half of the US government's financial assets are student ... by icedchai on Friday January 12, 2018 @05:08PM (#16136752)

I'm pretty sure the parent was being sarcastic.

"The Millionaire Next Door" should be required reading in high school. It has all you need to know about living below your means, building wealth slowly and consistently.

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Re:Half of the US government's financial assets are student ... by the_gastropod on Friday January 12, 2018 @05:18PM (#16136832)

Ahh! I've been Poe's Law'd I guess!

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Re:Half of the US government's financial assets are student ... by godelski on Friday January 12, 2018 @05:11PM (#16136781)

I may be wrong, but I read their advice as sarcasm.

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