So the author, Lauren Martin, seems to be a young, fun-loving person living in New York City.
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But there are some brains behind the article and I agreed with about half of it, so it is worth properly ridiculing the conclusion right here, in order to Fix the Internet. The article is called “ If You Have Savings in Your 20s, You’re Doing Something Wrong.” To be fair, it appeared in Elite Daily, which is somewhat of a notorious clickbait forward-this-to-your-facebook-friends content mill** to begin with. With 2.3 million “likes” on Facebook (up from 1.2m last time I checked), it has probably fooled thousands of financially suicidal people into thinking they are not sabotaging their own lives after all. In fact, I suspect that article has gone viral because it tells people exactly what they want to hear: “Go ahead, be irresponsible and party on. The world seems refreshed to see examples of high-wealth people living lifestyles of below-average consumption.īut one of the most interesting articles in recent memory has been making the rounds on social media this month, and it has fired up many Mustachians because it combines just enough spirited and uplifting “Fuck Yeah” insight on the good life, with a well-intentioned but horribly wrong conclusion. So people send me updates on things like tiny houses, urban planning breakthroughs, people who manage to blow even a double Silicon Valley salary and appear clueless about where it’s all going, and major league players like NFL Mathlete John Urschel who has been known to sleep in his Nissan Versa*. Although I take steps to remain on a low-information diet, I still enjoy hearing about financial trends in our society, since this blog is all about changing the trends. Our diligent network of Mustachian Volunteer Spies combs and filters the world’s information, both for pearls of wisdom and pellets of comically misinformed dung.
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Whenever something unusually interesting in the field of personal finance shows up in the news, Mr. Make sure your 40s are even better than your 20s.