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Money and Finances
Reply to "If you grew up UC/UMC and now live a solidly MC life, how do you cope?"
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[quote=Anonymous]This entire thread reminds me why it's important not to have an over-indulgent lifestyle for your kids. It may be fun in the moment, but then it will make them unhappy later in life if their lifestyle does down. I read a finance book a few years ago in which the author made the case for the importance of smoothing out spending over a lifetime, rather than having highs (which can be followed by lows.) The author said that one thing that can make people really unhappy is to have lived the high life, and then have less. For happiness purposes, it's better to have had a steady amount of money throughout one's lifetime. So if you have a good amount of money now, it's better to practice "stealth wealth" for the sake of your kids. [/quote]
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