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Grow: 5 tenets of the American dream that are costing you a fortune [MarketWatch]

ALPHABET INC CL C (GOOG)  More Company Research Source: MarketWatch
US:NASDAQ Investor Relations: abc.xyz/investor
PDF 5 tenets of the American dream that are costing you a fortune We may be a lot more open minded as a society than generations ago, but some ideals die hard. “The American dream is still deeply embedded in our psyche, and the heritage of how successful someone is in our culture is often measured by materialistic things,” says Maggie Baker, Ph.D., author of “Crazy About Money.” And that can spell trouble for our finances. But because certain tenets, like the five below, are so ingrained, we rarely question them. Well, here’s your chance. Before undermining your nest egg, reconsider whether these axioms are truly in line with your values and your budget—or if it’s time to flip the script. Decades after diamond company De Beers told us, “a diamond is forever,” and encouraged men to spend several months’ salary on a rock before popping the question, couples are spending more than $6,300, on average, on engagement rings. That’s a pretty penny for something that holds as little as 20% of its [Read more]

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