Can smashed avocado ruin your chance to buy a home? Australian billionaire Tim Gurner told Australian 60 Minutes that young people love $4 coffees and $19 smashed avocado (at trendy restaurants) and all this discretionary spending is keeping many from amassing a down payment on a new home. The same would apply to older generations who aren't saving enough for retirement. Every dollar we spend is a choice though we often don't think it is. Avocado toast and lattes instead of ownership in a home? A Lexus in your driveway and European family vacations instead of an adequate retirement fund? It's great to have the power to make these choices. But when you put your credit card on the travel agent's desk, that choice is yours. So no crying allowed later if you can't afford avocado toast in a retirement.
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