Fatherly Tidbits - Living Below Your Means

Given the current economic crisis, due in large part to a glut of trash mortgages on houses more expensive than buyers can realistically afford, I find it an appropriate point to pass along another fatherly tidbit to my son about economic responsibility. I think our culture is terribly consumerist and spoiled. We are taught to expect rather than earn, to put on credit rather than save.

"It is far more honorable to live below your own means than to live up to someone else's"

1 comment:

  1. My wife and I have learned that life is much easier when we live below our means. We don't experience the financial stress of trying to keep up with the Joneses.