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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (9069)	2/19/2003 2:59:29 PM
From: Mr. Sunshine	Read Replies (2) \| Respond to of 306849

Grace, great post. As a mortgage broker, I have found that over the long term net worth is more a function of desire and spending habits than annual income. Some people who make little manage to save, and some who make a lot seem to spend it all, and more. Your examples of "poor people" who spend their money on beer, cigarettes, and $100 sneakers is right on for many. For some reason those who save nothing always blame those who do save, somehow thinking that those who have money at the end of 40 years of saving must have taken advantage of them.