>I don't think that's true at all. I think the main thing for young people to learn is that being frugal, avoding luxuries, is probably more important to financ

>I don't think that's true at all. I think the main thing for young people to learn is that being frugal, avoding luxuries, is probably more important to financial well being than earning a lot of money. Also that as your income rises you need to be aware of (and fight against) the natural urge to spend (and often waste) more money. Need to fight against the urge to "spend what you earn" and develop habit of saving money every paycheck. My being 28, sorry, but I wouldn't call this good advice. My dominant expense is and always has been rent. I can cut everything else to the bone, and it won't make half as much impact on my savings rate as finding a way to just live somewhere less obscenely expensive -- and yet having work for me to do.