Our society runs on the pleasure principle: unless something is fun, it is discouraged as unworthy of pursuing. This is one reason why the many youngsters now entering the job market are so dumb, difficult ( and “dispensable”). They’ve been taught, falsely, that learning must be fun at all time: Unless you find a field of endeavor fun, don’t pursue it. (So you follow that advice and end up a surfer, a struggling “actor,” etc.)
Anyone who has studied seriously, or worked to master a craft, knows that nothing worth learning or mastering is easy or “fun,” unless you’re a genius (most of us are not), gifted at it, etc. With mastery comes fun. And mastery means hard work.
The principle extends to saving for future financial security. That’s not fun, because it means postponing immediate pleasure for the sake of solvency, or more ambitious future gains.
A survey by the National Foundation for Credit Counseling reveals that “more than half of all Americans say they don’t use a budget. Also, 26% of adults in the U.S. admit that they’re spending more than they did a year ago. And 40% of consumers are still battling unpaid credit card debt month to month.”
(“The rich,” after all, will be forced to take care of them.]
This “frugal fatigue” [sic: shouldn’t it be “frugality fatigue”?] has financial planner Lynnette Khalfani-Cox tailoring her advice to the pleasure principle: “The real problem is that relatively few of us can live happily — for any sustained period of time — on an overly restrictive financial diet.”
Ms. Khalfani-Cox’s advice is fit for infants: “Make the process of saving fun.”
UPDATE: GRAFT VS. GENIUS. Myron, didn’t I say that my recommendation did not include those who do not need to work hard b/c geniuses? On BAB, everyone knows Myron Pauli is a genius, and comes from a line of similar folks. Someone who is able to work smartly already forms a sub-section, which is a cut above the rest. Not everyone can reach a solution through abstract, creative thinking. Most have to master a method. If you discover your kid can do the former, lucky for you. But for the rest, it’s safe to assume you need to hard work.