Quote:
Originally Posted by Perfectlap
I would never say a teen shouldn't have a Porsche, but teens today have some serious financial hurdles in front of them that teens of previous generations did not.
Hurdles that are going to extend well into adulthood.They've got to be smarter and shrewder with their money than we were. Previous generations lucked out because just about any old job saw incomes rising quickly. Not the case anymore...
The crazy thing is that a teen wanting to learn how to be wise with money today has a much easier path because the information, as well as access, to any market you'd be interested in is light years better than it was when I was teen. What it would take me months to figure out back then I can discover in about 15 minutes of Google searching and Wikipedia reading today. Also, the investing oppourtunities available now, in a world that is embracing technology with both arms and legs, are open to any person of any age. There are some young people doing all of these things now while all their friends are concerned with how many FB likes they have.
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I completely agree. I am self employed and have to manage my money to keep my business running so I really bought this as an investment but am getting attached fairly quickly haha.