That isn't entirely true, though. Your parents being poor often means you will be too simply because of the disadvantages it brings. Being a teacher is hardly a poor decision, but you will probably be poor because other people have decided it isn't worth it to pay you well.
My ex has very little chance of being anything but poor, no matter the decisions he makes. He's on disability due to a mental disorder: Anyone that is on disability, especially at a young age (no matter reason), is in the same boat.
The business you work at could close. Even if you made good enough decisions so far, you may or may not bounce back well. You might not have ever made enough money to be able to save 3 months worth of expenses, for example, and this is more likely if you are young and simply haven't had a chance. Or you might get cancer while working somewhere that isn't covered by FMLA (in the US, anyway) - and while you aren't likely to die, you also have no job and no insurance.
On the contrary, you can pretty much pile on debt if you make enough money to make the monthly payments and never really be poor. Just indebted. Heck, this might even mean you qualify for loans easier in the future as long as you don't fall behind. The person that lives in their means cannot always find the same fate.
My ex has very little chance of being anything but poor, no matter the decisions he makes. He's on disability due to a mental disorder: Anyone that is on disability, especially at a young age (no matter reason), is in the same boat.
The business you work at could close. Even if you made good enough decisions so far, you may or may not bounce back well. You might not have ever made enough money to be able to save 3 months worth of expenses, for example, and this is more likely if you are young and simply haven't had a chance. Or you might get cancer while working somewhere that isn't covered by FMLA (in the US, anyway) - and while you aren't likely to die, you also have no job and no insurance.
On the contrary, you can pretty much pile on debt if you make enough money to make the monthly payments and never really be poor. Just indebted. Heck, this might even mean you qualify for loans easier in the future as long as you don't fall behind. The person that lives in their means cannot always find the same fate.