Re:The wealthiest 10% of Americans own a record 89% of all U...
by RickJWagner on Monday October 18, 2021 @09:29PM
(#28913901)
I completely disagree.
I'm in my middle 50s. I have friends who have lived below their means all their lives and invested in wisely-- almost all of these people have sizeable savings now.
I also have friends of my age who did not live below means. They spent what they had and invested almost nothing. Predictably, they have nothing to show.
The system works. It's been foretold in investing books for decades.
Today, we have resources like Bogleheads, Mr. Money Mustache, Dave Ramsey, etc. they all preach the same message, and the message is overwhelmingly truthful.
Accumulating wealth is relatively certain, if you follow the process. There will be rare exceptions, but that's true of most everything.
I'm in my middle 50s. I have friends who have lived below their means all their lives and invested in wisely-- almost all of these people have sizeable savings now.
I also have friends of my age who did not live below means. They spent what they had and invested almost nothing. Predictably, they have nothing to show.
The system works. It's been foretold in investing books for decades.
Today, we have resources like Bogleheads, Mr. Money Mustache, Dave Ramsey, etc. they all preach the same message, and the message is overwhelmingly truthful.
Accumulating wealth is relatively certain, if you follow the process. There will be rare exceptions, but that's true of most everything.