Why you should save in your youth

It is a common practice that after a long week at work, we take the weekend as a chance to party and spend our money. Youths all over will be spotted flocking the latest joints, ready to 'get down'. The talk on Friday evenings revolves around where the party is at, and which joints are getting lit tonight. Well, all work without play makes Jack a dull boy, but sad case here is that these actions are being taken by people who have no savings, and therefore, no money. 

You are only as rich as what you remain with after you have taken care of all your expenses. And you are only as wealthy as the assets you have after taking care of the liabilities. It is sad enough that the youth are spending a lot of money that we don't have on things we don't need, but worse is we are working so hard to get money so we can spend all of it at the coolest joint in town. Money comes in, money goes out.