Why am I not surprised the 25 year old talks about the importance of ‘flash’? I think it was Chrispy who pointed out that the truly wealthy typically do not make a show of their wealth or achievements — after all, who do they need to impress? And while I can agree that avoiding debt altogether is difficult and sometimes unwise, unthinking reliance on debt financing has destroyed a lot more fortunes than it has created. These days, real wealth is created by people with great ideas. And great ideas are usually funded, in the initial stages, with venture capital or cash savings — not debt.
