Did you know that if you want to have a great life then you should “spend now and save later”? Forget about living within your means, watching your pennies and saving some dollars for emergencies and your retirement. You have to dole out cash now to be rich.
If you think that’s crazy advice then you are correct. However, one supposed millennial “guru” believes exactly that. Although millennials are living paycheck to paycheck, have crushing debt levels and like to spend money like there’s no tomorrow on anything “i,” this guru thinks spending now makes the most amount of sense.
Speaking in an interview with CNBC, Jon Levy, the CEO of The Influencers and a human behavior scientist, urged millennials to travel more, experience more and spend more money things that matter.
This is terrifying that this has now become the new financial advice for millennials. And millennials, who aren’t that great at saving money anyway, now have an excuse to spend even more money: some guy on CNBC told me to drain my bank account! And if I fail in my endeavors then the government will take care of me. Yay!
Here is the clip of his interview:
Privileged, unremarkable New Yorker uses parents’ wealth to travel around the world and coerce successful people to join him for dinner. Calls himself a “scientist” and “CEO.”
The lesson here isn’t to “spend now, save later.” It’s to “walk with the confidence of a mediocre white man.”