Millionaire to Millennials: 'Less Avocado Toast, More Saving Money.' They Miss the Point...
If you're like us, you are easily confused by trending topics. Like when you see "avocado toast" is trending. Did Trump gets two pieces of avocado toast when his guests only got one? Did Lena Dunham claim avocado toast was a symbol of the patriarchy? Good guesses, but no. Millennial millionaire Tim Gurner used avocado toast as a metaphor while explaining how to make and save money to his fellow Millennials. A point they missed entirely, but we'll address that later.
Freely spending on avocados — the pricey, popular superfruit beloved by young people — may be one of the reasons why some young people can't afford a house, according to Australian millionaire and property mogul Tim Gurner.
"When I was trying to buy my first home, I wasn't buying smashed avocado for $19 and four coffees at $4 each," Gurner told the Australian news show 60 Minutes.
Only 32% of home owners were first-time buyers in 2016, the lowest point since 1987, according to a study by NerdWallet. A recent study by HSBC found that American millennials have a homeownership rate of 35%, and in Australia only about 28% of millennials own their homes. Cost is often a major factor in millennials' decisions to buy — the study found that a lot of young homeowners got a financial boost from their parents when making their purchase.
"We're at a point now where the expectations of younger people are very, very high," Gruner said. "They want to eat out every day, they want to travel to Europe every year. The people that own homes today worked very, very hard for it, saved every dollar, did everything they could to get up the property investment ladder."
I see. So a youngin' saved money, has been successful with his saved money, and addressed his peers on how one might save money to also attain success and/or homeownership, which used to be a pinnacle of adulthood. Or I guess that's called "adulting" now. Excuse me while I boo-hoo into a hanky, that's just sad.
A few Millennials missed the point completely. Metaphors, analogies, examples these are all concepts which are lost on a generation more concerned with virtue signaling and single origin coffee.
I'm contemplating polishing off my avocado toast and apple with a cup of coffee. Stop me before I have to sell one of my pets.— Patrick Thornton (@Patrick Thornton)1494937350.0
Maybe I'm hesitant to buy a house since I've seen how the housing crisis nearly brought this country to a halt. I'll take an avocado toast.— Everyone Self Quarant-Ian🚀✨ (@Everyone Self Quarant-Ian🚀✨)1494937244.0
lol yea, help stop my addiction of #avocadotoast so I can purchase a 250,000 home... I'm on a downward spiral https://t.co/yHjPcHUlvM— Moe Lysol 🦠 (@Moe Lysol 🦠)1494937229.0
I've never owned a house, bought a major appliance or even made car payments. That must be b/c of my penchant for avocado toast 😂😂🥑.— Katy Henriksen (@Katy Henriksen)1494937051.0
No, simply cutting out avocado toast won't let you buy a house. IT WAS AN EXAMPLE. Here, allow me to get deep and analytical on your entitled little tushies: often people who are struggling with finances waste their money on a lifestyle they can't afford. While simultaneously blaming other people (the rich) for not having any money. See also every entitled snot receptacle attending a Bernie Sander's rally while holding a venti soy half-caf latte with two pumps of caramel. Read Dear Millennials: Your Love of Socialism Could be America's Downfall.
Gurner suggests you stop spending your money on frivolous things if you want to amass any kind of wealth. So if you spend $4 a day on coffee, and decided to brew the caffeine juice yourself rather than frothing it up at a chain, you could save hundreds of dollars every year. Possibly thousands if you also stopped spreading superfoods like avocados, on super unhealthy foods like toast. If you want the avocado, bake an egg in it then spread a little parmesan cheese on top. Do it from home, in your oven, and save yourself some serious coin. How is this hard?
Look, people can spend their money how they want. But if you buy frivolous items for a lifestyle you cannot afford, then bitch about not being able to afford a house, car, rent, trip to the dentist, shut up.
Reality, what a concept.