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In reply to the discussion: It's rare I outright implore people to read an article [View all]1StrongBlackMan
(31,849 posts)Many years ago, I had a couple enlightening experiences ...
The first was attending a wedding. It was held in a co-worker's home and the reception was potluck. The parents' of the Bride and Groom's present to the newly weds ... a check for $50,000 (the amount that the parents said they would have spent on the wedding) for the down payment on a house. Compare that to the couple whose parents mortgaged they home to throw a huge wedding. Which couple do you think is farther ahead, today?
The second was a guy I new in college. He had all the toys (new car, big apartment, TVs and all the electronics). His parents were working class; but on the day of his birth, his grand-parents took out a life insurance policy on themselves, naming him beneficiary. When they passed, he became a millionaire.