You have no idea, do you? If the economy goes bad, those with cash and great credit can make great money. I did very well from 2009 to 2011 because of the Bush stupidities. I retired, in part, because of it to a super life. You don't manage your money well do you.
At age 12? Wow, you would have been maybe 6-7 years old at the time!
That would be commendable - if it only were true.