50,000/yr Millionaire

Let me tell you about a trend I am seeing in 20 something year old males in our society. I call it the 50,000/yr millionaire. These guys are renting 400/month rooms from friends or craiglist ads but buying $40,000 cars, $200 jeans, and bar bills north of a $100, yet the majority of them are not saving for their future or investing in themselves. Its a real sad situation. I have seen close friends of mine travel this path, they have racked up huge amount of debt by partying in vegas, buying BMW's, designer clothes, all while living at home or in some sh*# hole. Maybe I will start a blog or at least posts about what 20 something's should be doing to prepare themselves for their future lives, and to quit the Bull sh*# and grow up.