I’m 33… listened to ALL the boomer advice I could get. Worked hard in a trade… saved money… went without tons (internet, streaming, car, smart phone, eating out)… avoided ALL debt…
After several years living like this I was able to buy a very reasonable home in a good neighborhood with a VERY small mortgage (lots of cash down). I just bought a second property and built a small home on it. 2 homes by 33, one with a mortgage less than a third of rent one I own cash out. No other debt.
The Boomers have GREAT advice. People just want to skip to the end. Boomers went without almost everything we take for granted today. Internet, phone plans, cable, college, ext were not really things for them. And homes were much smaller (less bills, less taxes, lest build cost). It was easier for them to save their money. Today we need to choose to go without to save.
Today everyone wants a McMansion. No one wants to go without. People think 100k college debt for a low paying job is necessary. They turn their noses up at the trades. They refuse to walk, bus, bike to work. They don’t want to save up. They just want to bitch about how hard it is for them.
Edit: just found out, I am actually 34 years old lol
Millennial here. While the housing market is supremely fucked, this advise still checks out. Home ownership is not wholly unobtainable (yet), and we might even be seeing a housing crash coming. Skip college, learn a trade, be your own man.
I’m 33… listened to ALL the boomer advice I could get. Worked hard in a trade… saved money… went without tons (internet, streaming, car, smart phone, eating out)… avoided ALL debt…
After several years living like this I was able to buy a very reasonable home in a good neighborhood with a VERY small mortgage (lots of cash down). I just bought a second property and built a small home on it. 2 homes by 33, one with a mortgage less than a third of rent one I own cash out. No other debt.
The Boomers have GREAT advice. People just want to skip to the end. Boomers went without almost everything we take for granted today. Internet, phone plans, cable, college, ext were not really things for them. And homes were much smaller (less bills, less taxes, lest build cost). It was easier for them to save their money. Today we need to choose to go without to save.
Today everyone wants a McMansion. No one wants to go without. People think 100k college debt for a low paying job is necessary. They turn their noses up at the trades. They refuse to walk, bus, bike to work. They don’t want to save up. They just want to bitch about how hard it is for them.
Edit: just found out, I am actually 34 years old lol
Millennial here. While the housing market is supremely fucked, this advise still checks out. Home ownership is not wholly unobtainable (yet), and we might even be seeing a housing crash coming. Skip college, learn a trade, be your own man.