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Message: <blockquote data-quote="wjschmaltz" data-source="post: 352800" data-attributes="member: 6150">I don't feel for the generation below me. They will be just fine. They're walking into a world with more opportunity than ever. Gary Vaynerchuk had a good video a while ago about how Gen Z doesn't give a shit about material things. It's part of the labor shortage equation. The younger generation has options and doesn't give a damn about what the Jones' are doing. They're happy with the balance that working 20 hours a week gives them because they don't feel the need for all the material garbage. I think that's pretty awesome.  We could learn a lot from them. I came into adulthood on the heels of the 2008 recession. Had some rough years starting out, but doing pretty good now. The best thing to happen to me was my wife dragging me to a Dave Ramsey class 8 years ago. I was very reluctant but dove in head first once I realized how much of our life we were giving away. Sucked watching all my peers hedge their life for fancy stuff and vacations, but its especially going to pay off these next couple of years.  You can see who is skinny dipping when the tide goes out. The tide is about to go out very fast.  I don't think the cost of toys has gone up that much. Sure when you're trying to outdo your neighbor and see who can have the most sparkles on your boat.  Lots of memories can be made in a reliable $10,000 boat which isn't much more than a $5,000 boat in 2005 once you adjust for inflation. I've talked to two close friends in the last week that both mentioned how bad Bismarck culture is with the "keeping up with the Jones'" mentality.  I couldn't agree more. It's part of the reason we are reluctant to move back. I think some serious deals are about to be had in places like Bismarck.Luckily, I bought my house 3 years ago. To buy my house today with 20% down, it would have to be bought for $150,000 less than I paid to have the same mortgage payment. That a very far cry from the current appraised value! And I have a very modest home. I don't think we're done as far as interest rate hikes.  Mortgage rates are headed to double digits.  It might be time to finally buy the RV to live in and rent the house for more than my mortgage payment!</blockquote>

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