If you read the subtopics it does clear things up a bit, I think--the headings are VERY general. I'm not saying it's all going to useful to everybody--a diversified portfolio at 18? At 18 a 'portfolio' to me was something you carried school papers in. :p Though I think if you started this very young, with the 'save a dime from every dollar' idea getting into your head, you could have some savings built up by 18, even if it isn't much.
I do definitely agree that it's the people who don't have money who need to learn to spend it (and said so I think, above, but may have done so incoherently, I really wasn't awake yet!). The friends I have whose families lived on credit and never had savings seem to have the same lifestyle now they're adults, and never seem to quite register that buying every shiny thing you see is going to come back to bite you when that emergency comes up.
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timeasmymeasure
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Date: 2012-05-10 05:19 pm (UTC)I do definitely agree that it's the people who don't have money who need to learn to spend it (and said so I think, above, but may have done so incoherently, I really wasn't awake yet!). The friends I have whose families lived on credit and never had savings seem to have the same lifestyle now they're adults, and never seem to quite register that buying every shiny thing you see is going to come back to bite you when that emergency comes up.