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Well, clearly a good chunk of the younger generation, as well as many of my generation stopped saving money. And saving matters because it allows you to build capital to invest in assets. And one thing I learned a long time ago is one good investment is worth more than a life's worth of toil. That means if you can accumulate enough capital and buy assets that produce income, and over time build that, uh you don't have to get up every day and work hard to generate your own income. You have assets working for you. Um, you can't just do that overnight. But it takes building savings, being smart, being frugal and prudent with your resources.— Eric Hovde
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