Owen needs to remember what some Grandma’s used to say.
Point a finger and three point back at you.
Frankly, the daily latte sipping, why am I dreading my monthly credit card bill is the real target market of the three main speakers identified.
As for the excuse of the 43% living paycheck to paycheck, divorce, illness, well, it’s an excuse. In the end, their problem is really simple. They live paycheck to paycheck and don’t have skills to make more than that.
And yes, ironically, very broad based advice really does work for them. Orman at a basic level is really simple, can you afford it. Have you done the thing you should do (housing, insurance, retirement) before you start spurgling.
Mr. K has steadily gotten sleasier, IMHO, but his first basic premise and book was also equally simple. You need to work hard to get some money and then work hard to have the money work for you. While a big part of it was platitudes, one simple line in it was worth the price of the book. In a possibly fictional accounting of discussing an early rental with his mentor ‘rich’ Dad, the RD ask “how many of those can you do before you’re broke?” It was scenario where the rental was costing him something like $100 month. Again, a good insight into preserving capital and cash flow.
As for DM, I’ve never read his stuff.
And I disagree with Owen, many people are much less wealthier than they should be because they pursue instant gratification instead of financial security.
