http://www.richcreditdebtloan.com/the-two-income-trap-by-elizabeth-warren-and-amelia-warren-tyagi/ Wealth, Leverage, Money, and Cash Flow Mon, 22 Feb 2010 03:59:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.richcreditdebtloan.com/the-two-income-trap-by-elizabeth-warren-and-amelia-warren-tyagi/comment-page-1/#comment-270 TFB Wed, 20 Aug 2008 15:36:04 +0000 http://www.richcreditdebtloan.com/?p=106#comment-270 I also read and reviewed this book on my blog. I'm not as impressed. Other than making the readers feel good about it's not their fault, the book is not actionable. It actually encourages inaction because "it's not our fault." If people live paycheck to paycheck with no savings, by definition they are overspending. It doesn't matter _where_ they are overspending. I also read and reviewed this book on my blog. I’m not as impressed. Other than making the readers feel good about it’s not their fault, the book is not actionable. It actually encourages inaction because “it’s not our fault.” If people live paycheck to paycheck with no savings, by definition they are overspending. It doesn’t matter _where_ they are overspending.

]]> http://www.richcreditdebtloan.com/the-two-income-trap-by-elizabeth-warren-and-amelia-warren-tyagi/comment-page-1/#comment-247 Scott Fri, 01 Aug 2008 23:50:23 +0000 http://www.richcreditdebtloan.com/?p=106#comment-247 But having kids (especially more than one or two) is a luxury, and a good education for (all of) them is a luxury. An oversized house and car for (all of) them are luxuries. Health care is a luxury. These are not "necessities". The middle class has just been conditioned to think that they are entitled to these things. The middle class is in fact entitled to nothing. Nada. This is how it's been for millennia. The main problem I see is too many middle-class families pretending to be upper class. But having kids (especially more than one or two) is a luxury, and a good education for (all of) them is a luxury. An oversized house and car for (all of) them are luxuries. Health care is a luxury. These are not “necessities”. The middle class has just been conditioned to think that they are entitled to these things. The middle class is in fact entitled to nothing. Nada. This is how it’s been for millennia. The main problem I see is too many middle-class families pretending to be upper class.

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