My parents are spendthrifts. My mom even says so. They just so happened to out earn stupid. Again my mom's words.
They changed cars ever 2-3 years, they leased cars every year. My parents travelled a lot and never cared for their home. So the value of their home is very low compared to if it had been properly maintained.
In retirement they bought another condo with a mortgage. Is that wise? HELL NO! But they have to learn that they can't keep out earning stupid. And it's finally starting to sink in at 56 and 77.
Fortunately my dad worked for a long time! But otherwise they'd be sunk. NO ONE SPEND $10k on a trip to Japan for 3 days. People don't blow money like that.
So I'm not exactly sure my parents taught me much. They taught me CC debt is bad. But otherwise even NOW my mom whines "Why can't you afford a lexus, mercedes, BMW?" Why can't you just travel? Because they spent everything. Only now are they realizing you can't blow through money when you are on a fixed income.
So any bad habits I have I learned myself. The one thing my mom did was give me a CC at age 13 to learn how to use one properly. I never charged more than I could afford.
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