I invest now, even though I am relatively young. I can see how someone who is privileged would say "Now that's one smart woman who knows how to save money and plan for her future."
However, I came out of college debt free and got a good job. I was able to start saving right out of college. I consider myself fortunate because my parents were able to help me out financially. Even though I worked while I was in grad school and paid for my own tuition (for grad school) and living necessities, I did not have to worry about paying for my undergrad school (although most of it was paid by scholarship), my car, nor my car's insurance. I knew if anything went bad or I got into debt, my parents will be there for me to help me out. I'm very lucky to have them.
Can you honestly tell me that for someone who comes from a poor background but makes the same income as me can even invest? I just googled and picked a random stock, you need to have AT LEAST $2,500 to buy the stock. When you are up to here with college loans, living expenses, car expenses and so on, why are you going to buy risky stocks? Even if you paid off your loans, why would you invest in stocks rather than a house?
People who have money ALREADY do not think about those things. They assume that when people are living off by paycheck, they must not know how to save.
By the way, one of my cousins and her husband (who is an accountant) often travels, goes to VIP baseball games, bought a Hummer, bought a nice house in a good area, and so on. The pretty picture says that they are doing well and they work hard and know how to save. We found out recently that they are in hundreds of thousand dollars in debt (most of it is in interest). But guess what? The husband's well off parents are there for them to bail them out. Even the well off people who do NOT know how to invest wisely still are doing fine because of the previous generation bailing them out.
