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> My advice is similar: live on your base salary, and save a lot of it To be fair, that comment doesn't exactly align with advising someone against getting a m
by jb775 7y ago
> My advice is similar: live on your base salary, and save a lot of it
To be fair, that comment doesn't exactly align with advising someone against getting a mortgage they can't afford unless they receive a bonus.
I'm currently reading "Narrative Economics" by Shiller and it mentions propaganda historically being fed to the poor/middle classes in regards to saving as much money as possible (so banks could profit or earn commish off it)...I'm by no means against saving/investing money, but your original comment (and the multitude of others that are similar) makes me wonder how much of that propaganda is alive and well today.