Nice post...You're right about the spending / living on borrowed money...I was lucky to have parents that took the time to educate me on finances. I'm proud to say I've done well for myself on an enlisted , now commissioned salary in the military...When enlisted, I invested my extra money on an education to get that commission so i could have the extra money to put into investments / property...It takes self-control , discipline, and a healthy dose of wanting to improve to make changes for the better in ones life...

Financial knowledge is lacking in the USA...I don't understand why - with all the resources available to individuals...

-LA