If you look back in history, there are innumerable examples of people being “ahead of the curve”. They made choices or adopted philosophies that were considered radical by their contemporaries. Many times, however, these radical, crazy, and outlandish concepts soon became the norm.
Abolitionists had the crazy idea that slavery was immoral while legitimate businessmen made massive profits in the slave trade during the early days of American history. Absurd! A century or so later, suffragettes marched in the street, demanding that women have the right to vote. Madness!
These examples are political in nature, but we can look at today’s financial climate and make choices for ourselves now that may seem crazy…now, but not a year or two from now. We can pull back on the consumer spending. When we do buy things, we can choose to purchase things that will last. We can ramp up the saving and investment. A small monthly commitment to socking away a portion of your income can stack up quickly. We can reduce our monthly overhead. People actually do live without cable television. No one every died because they didn’t have a new car.
Know this now: the philosophy and fundamentals presented in The Old Money Book are for the most part the intellectual property of America’s upper class, the people who’ve quietly enjoyed wealth for three generations or more. But as times continue to change, more and more people are going to seek out ways of Living Better While Spending Less. They’ll come around.
But you can do it now. Be ahead of the curve. Be Old Money now.
– BGT