Living below our means:pros and cons

EVEN the most basic financial truism, that it is wise to live below your means, is subject to a pros and cons analysis. 

The opinions of two very different – yet equally successful – men illustrate these diametrically opposed positions. On the side of the “cons”, we have automotive legend Henry Ford: “Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.”