re: "If You Have Savings In Your 20s, You’re Doing Something Wrong"

quote:

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In your twenties, you are more likely to be single, have less assets and basically have the ability to take on what could otherwise be crushing debt if you don't succeed at your gamble because you have the ability to go through bankruptcy and/or work your way out of debt over time.

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The problem is, depending on what you mean by "gamble," the overwhelming likelihood is you won't succeed. Then you are spending your prime money making years getting out of debt instead of growing your nest egg.

I don't disagree with the general premise of your post, but there definitely needs to be balance and control.