Stop buying those avocado toasts if you want a house

[packman]

Another millionaire telling people how to succeed in life like he did ($35K loan from his family) - Stop buying those expensive avocado toasts and expensive coffees to drink with them.

http://www.huffingtonpost.com/entry/millionaire-thinks-millenials-dont-own-homes-because-of-avocado-toast_us_5919f3fbe4b0809be1571415

[Zoonart]

1. Better yet...

why eat anything at all? Thin and rich...yeah..that's the ticket.

[padfun]

2. YEAH! Stop enjoying life and focus on making money

Not that making money is bad, but one should enjoy life during the journey because the future may not come at you like you wish it would.

(From a person who has lost everyone he's loved, including his child)

[tazkcmo]

8. If that's you

that lost a child, I want express my heart felt condolences and sympathy. I too lost my oldest son and it's a hole that will never fill. So, yes, enjoy the journey of life and screw these rich a-holes. I've finally learned that if you need to check your account balance to find happiness then you'll probably never find it. Our wealth is all around us, free to enjoy.

Stay strong. Peace.

[padfun]

15. yes it is me

A d I agree with everything you said. And yes, that hole never fills.

[HughBeaumont]

3. Hugh to millionaires . . .

. . . stop indebting an entire generation for the silly folly of wanting to get career/job skills and maybe they COULD buy a house.

[stonecutter357]

4. I am disabled and I use your tax money to buy expensive avocado toasts .

so suck it SNOWFLAKE.

[yardwork]

6. I love it! Enjoy!

[tazkcmo]

9. Eat truth to power!

You protest in style!

[haele]

12. How are avocado toasts expensive? We make them at home all the time.

Of course, I live in Southern California where avocados are a year round fruit and run between 50 cents to $1.50 apiece depending on the store - instead of Alabama, where my MIL tells me they're around $2.00 - $2.50 apiece if you can get them, but as one medium avocado can make two/three toasts, you're still running around maybe 70 cents a toast in California and $1.00 - $1.25 in Alabama. And that's using whatever bread is around the house. I prefer sourdough, but a good whole grain wheat - or for the gluten free crowd, any other non-wheat bread with a nutty flavor and a crunchy toast texture is nice, also.
Add a slice of home-garden tomato when it's in season, a slice or two of "oven-baked" pepper bacon (or some leftover rotisserie chicken, salmon or chunk crab meat) - or a slice of smoked extra firm spiced tofu (for vegetarians), and you've got yourself a nice, relatively inexpensive, light supper for those days you just don't want a heavy dinner.

I can get a decent sized loaf of Francisco extra-Sourdough at the day-old store for a very reasonable price that we use daily for a week's worth of school lunches and after-school jam and toast snack, so the bread is pretty much a negligible cost.

Wealthy people who were born on second or third base to begin with have no business lecturing people who had to start out and hope to make just a base hit.
While providing opportunity and advice when asked for it is welcome, the "you just gotta do this to get rich" shows a complete lack of awareness on what actually had to happen in the real world for them to get to their standard of living in the first place.

Hard work, sacrifice to invest in a future, and attention to detail helps. But that's all they are - helpful tools. None of them, or any combination of them, will get you to a self-sustaining comfortable future and retirement if there's no opportunity or infrastructure available to get there.

Haele

[stonecutter357]

16. smashed avocado with crumbled feta on five-grain toasted is $22 a pop.

[haele]

17. Well, if you're going to a resturant that charges that much regularly...

You've got to have an income to support that, or you'd be living out of your Beemer. And if they're like most people getting that toast as an occasional (once a month) treat, those sorts of expenditures are not the type that get people in trouble.
The ones that get in trouble over their heads with the "treat" expenditures are like drug addicts, and that's a form of self-medication - a whole different issue.
Those people will never get their acts together without some serious mental health help, and even then, there's going to be problems with being fiscally functional going on. These are not the type that will "just grow up and get with the plan".

The few millennials I know that live the sort of lifestyle that enables them to have a regular high cost avocado toast or eat out at high end artisanal type restaurants nightly are either getting one of the houses once Mummy or Daddy shuffles off the mortal coil, or is already living in a condo or house they already own or are close to paying off. They have savings or a trust fund set up for them; their future has already been paid off.
They aren't the ones hurting. They'll land on their feet easily enough if they lose their jobs, so long as they don't get into heavy drugs and partying.

Haele

[packman]

18. Well, hell yah - put bacon on anything and it tastes good

[Ilsa]

5. Naming specifics like "avocados" is useless for that discussion.

I think teaching prudence and saving to middle class people is important. It's hard to save for retirement on $60k a year if you're blowing $10/day on specialty coffees, booze, expensive food, entertainment, etc. A lot of people don't appreciate the value of frugal living.

The subject really doesn't even apply to people scraping by. They aren't buying the "avocado toasts", etc. They use pre-owned smart phones for their computer needs, shop at second-hand stores for other necessities, and use coupons and sales to save on others.

But this guy is a dick in how he's going about talking about this subject.

[MineralMan]

7. Dude has a point.

If you're paying $10 for some avocado on a piece of toast, and several more dollars for your fancy coffee drink, you're probably not a very smart consumer, really. Let's say the combination costs you $15. You could make the avocado toast at home and whip up your own coffee drink for about $3 total. Just remember to cover the cut avocado that's left with plastic wrap so you can make another avocado toast tomorrow and the next day.

So, you've saved $12. Do that every day, and you'll have saved $4380 in a year. If you can find other ways to avoid spending money on things you can make for yourself, you'll save even more money. For example, instead of buying a brand new shirt or top, try looking at your closet again or doing your laundry. Think of how much you could save. Or, skip the Uber ride and get on the bus. There are so many ways to save money and sock it away for something really, really special.

Just sayin...

[oasis]

10. Sounds like a guy who's annoyed by rubbing elbows with "little people". nt

[RedWedge]

11. Oh, fuck this bullshit.

It's not the small luxuries people treat themselves to that gets them in financial trouble. It's fixed costs: the unexpected healthcare bill you're stuck with because you have a HDHP, the car repair that you were hoping to put off until that second job's paycheck kicked in, the rent that gets hiked unexpectedly, the hours that dry up or the job that gets cut. This guy and anyone who parrots his advice can eat a bag.

[Corgigal]

13. Or just be like the president

and buy all the luxuries you want. Then make sure you got a few grand for a bankruptcy attorney, repeat as often as your state allows.

Like the asshole above will do if and when his grand scheme crashes.

[miyazaki]

14. To think I had an avocado tree in my backyard growing up

and I hated avocados then. Thing was a goldmine, along with the blood orange tree nearby.

[hatrack]

19. Oh look! A member of the Lucky Sperm Club, dispensing condescending bullshit!

Can I have some? Please?!?!?!