When it comes to money mistakes, Pete Buttigieg has a cautionary tale that any kid who’s ever collected baseball or Pokémon cards will relate to:
They say the best way to understand a politician is to follow the money. But tax returns and campaign contributions only tell part of the story. The real window to the financial soul is the wallet. People reveal a lot about their character and priorities by how they handle money: what they splurge on, what they are frugal about, how they use it, and how they don’t.
Save what you can, even if it’s just a sliver of what you have coming in, so it becomes a habit. And focus on what you can most control — which may have more to do with spending than income.My parents. They made countless little decisions that I didn’t always understand as a child, from always favoring store-brand cola and food to planning vacations around my Dad’s frequent-flier miles, that helped them stay on good footing financially.
Maybe not the worst, but the first, came at a baseball-card show when I was maybe 12 years old. I had saved up a good set of rare cards, and when I went to try to sell them, a guy talked me into trading them for a box set he said was extremely rare and valuable. It wasn’t, I later found out. That was when I learned to check a lot of sources, including some disinterested ones, before deciding how valuable something is.
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