My neighbors had their granddaughter over this past weekend. She is a cute three or four-year-old who loves running around in the yard and looks to be a bit of a handful.
This past Saturday, I saw her run to the front porch of their home and reach out to the roses that grow just about porch high each year. As she began picking the pretty flowers I heard her grandmother caution her “Don’t pick all the flowers!”
So there it is, the gap between youth who want to take all of life in right now and the older, more experienced, generation who know you can’t take everything now or you won’t have anything to enjoy later.
How we find that balance in our financial lives determines a lot of our financial future.
Yes, you can spend everything now and have a whale of a time for a little while. Or you can spend some now and save the rest for another day.