Reply to Unpopular Opinions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What's an unpopular opinion you have in regards to money or personal finance?

Mine is that, contrary to the common (?) belief that people who have fancy lifestyles must be "swimming in debt", the majority of people living like that can afford it. In general, people make more or have much more money than you think, and if you think you are behind relative to your peer group, it's because you probably are. [/quote]

"Living for retirement" (which I see on here all the time...) is overrated. Prepare for retirement, but live for today.[/quote]

I don’t know. I have a relative with an  MA from an Ivy and many years in a well paid career who got laid off two years ago, when he was in his late 50s. He is in kind of a niche field and he is a lot older than most job hunters, so he hasn’t been able to find anything. He is really hurting for money now because he has spent most of his life enjoying expensive travel and other experiences.

If he had saved and invested more instead of spending he would be a a stronger position financially now. 
[/quote]

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