Quote:
Originally Posted by villagetinker
1. Pay yourself first.
2. Take advantage of any offers from your employer for matching funds or discounts on company stock (aka free money.)
3. Pay off credit cards every month.
4. Never lend money to relatives (I know this from experience....)
5. Never co-sign anything for anyone)
6. Get a good financial advisor, certified financial planner, that has your interests first, then listen to their advice, and as stated above, if you do not understand the investment, do not do it.
7. Eat at home, making your own meals.
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IMHO all of the above is excellent advise and has allowed us to live as we do. #4 does not ring true for us though, we loaned both our sons the down payment for a home and both loans were repaid in full and before they came due.