Do you know that it usually takes about 2 to 5 years of consistent overspending for major signs of financial difficulties to show? A newspaper article yesterday told of the difference in the lives of 'Yuppies' in the 80s and now.
According to the article, nearly half of people who were dubbed Yuppies in the 1980s say they are now struggling financially. High-fliers living the champagne lifestyle were infamous for splashing out on Filofaxes, gadgets and expensive dining. But 20 years on, 45% of former Yuppies are no longer so flash with the cash, said insurance company Liverpool Victoria. A spokesman said "They are worried about meeting bills and how they will fund their old age". many feel they should have saved more in the 'greed is good ' boom.
The same may be true for all of us. What we do with our finances today may in reparation of our mistakes of yester-years OR preparation for years to come. Which one are you doing now?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment