Triumph
Hall of Fame Poster
- Joined
- Sep 15, 2004
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If you are educated in finances, it's not hard. However, these people are not educated in finances. Moreover, their parents are not educated in finances, so the temptation is there to spend. I'm not saying at all it isn't their fault, but I would find it difficult to avoid spending if my family income is 20K and shoots up to $10 million overnight. If you are a poor person, you want to experience the things in life that you never had. Unfortunately, there is a massive price to pay for that. AP is completely at fault for the number of kids he has had and the child support payments that come with that.
Whats to learn about finance?
1.Do not spend more than you earn.
2 Save and invest.
You dont have to be Warren Buffet to have enough sense to take a couple of million and invest with Edward Jones.