The irony is that in today's world of super low and even negative interest rates, savers are punished. People who live beyond their means (and government is the worst offender) will potentially make out like bandits when irresponsible money printing causes hyper inflation and debtors can pay off their loans with worthless paper. No good deed goes unpunished, or so it seems. However, I think it will always be good advice to live within your means and accumulate tangible assets that you can actually keep in order to use or as a store of value, rather than expensive toys.
It sure does seem that way. One of the strategies I was hoping to possibly use was when this next financial disaster comes and everyone gets blown out of all their toys I could be soaking up the toys on the cheap. I saw it happen in 08 and 09. People trying to get rid of sports cars, boats, ATVs......etc. Here in Arizona I watched 4 people strategically walk away from their houses and they seemed to turn out better off then the people who stuck with their under water investments. So it certainly changed my opinion on that. I was never in that situation though.