The problem here is that a lot of young folks think that the Financial Advice Megaplex is aimed at them. It isn't. Twenty-somethings have one of the best savings rate since Depression-era adults. That is something to be proud of. The F.A.M. came to be because Boomers decided they needed a therapist for their checkbooks. Someone to tell them what they can do to improve, with the caveat that why you are in this situation might stem from something else (your parents money habits, your job). Olen has found a great niche - she gets to be the practitioner-turned-heretic that tells people that they have been misled. Drawing a paycheck from Forbes, while biting the hand that feed her - what a great gig. It is very hard for me to have sympathy for Baby Boomers that find it hard to retire. I've watched years of expenditures on SUV's, McMansions, second homes, divorces, second spouses - all are net wealth destroyers. Now we get to hear a whole bunch of them say "I don't want to retire", screwing over the generation behind them by holding on to their jobs, feathering those 401(k)'s, getting that one last year to bump the pension. After watching them systemically inflate equity investments, and then housing, and now bonds, I wonder if they ever will learn. The Federal Reserve is keeping savings rates artificially low, in part, to give the Boomers one last chance at putting a nest egg together through the stock market.
Two of my three tattoos were impulse tattoos, the first of which I got at age 17. All of them are in visible places on my body. None are tattoos that at this exact point in my life, I would probably get. But I love them all, and I don’t regret any of them, and I’ve never for a second considered removal. I think there’s something to be said for having a time and a place in your life etched permanently on your skin – even when you’re far, far past that time and place in your life. I don’t know, it’s like accepting and paying tribute to myself as I was then, and I love that.
@Hiroine Protagonist I think about doing this all the time - giving my mom a credit card - because she's disabled and emergencies happen and I'm across the country, and I want to feel like I can help. But I am fairly sure she'd do exactly what you just described, and I've worked SO HARD for good credit and the freedom that comes with it, so I've held off thus far.