“It IS your fault” is a lesson that my parent’s taught me and I’m only 37. All these people making these kind of mistakes were taught these lessons from the baby boomers parents. They were of the “old school” philosphies! Pay Cash. You really don’t need it. A penny saved is a penny earned and all that stuff. So what happened along the way?
One of my grandfather’s died with over a million in cash. The other will with over a million in assest.
Neither of these men EVER made more money together than I make now in a single year.
They knew something our generation, and the next, doesn’t.
