Have you noticed it is hard to convince young people these days to save money for the future? We live in a here and now culture. The younger generation doesn’t wait to enjoy the comforts and luxuries that only older, more financially established adults can afford. They want them now, and often go into heavy debt to achieve them. This is a recipe for eventual disaster.
Sharon and I were blessed to be raised by parents who preached saving money from our childhood on. We both took it to heart. And we are so glad we did. With the incredible cost of living these days, I’m not sure what we would have done without our savings, and the investment of them. But imparting that philosophy to younger generations seems more difficult. The lure of immediate gratification is strong.
Of course, not everyone is able to save money. They live paycheck to paycheck. That’s why it’s so critical for kids and teenagers to shift into savings mode as early in life as possible. They need to be ahead of the game when it comes time to be self-supporting. So keep preaching.
The future has a price, and many will not be able to pay it.