Wednesday, September 24, 2014

Basics of finance is beyond Gen Y

Generation Y have rapidly declining prospects of owning a home.

are borrowing up a storm on the likes of personal loans and credit cards

Blinged up to the eyeballs on maxed out credit cards whilst living in six-figure households and still complaining?  The entitled looking for more government support via my wallet?  Well, you can p*ss off!

Your supposed poverty of housing is self inflicted.  Somewhere along the line the stark choice is:  Bling or a house?

They want to try living on spaghetti and baked beans for a couple of years after buying their first house whilst servicing a 20% second mortgage as most of your property owning rich prick parents did a generation or more ago.  It's hard going, but it does work long term and you too will be one day a rich prick.

Albert Einstein: ''the most powerful force in the universe''... ''he who understands it, earns it ... he who doesn't ... pays it.''

And then we have this piece of financial wizardry seemingly unknown to today's generation.

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