Quote:
Originally Posted by donb9006
Best advice? No debt. None, nada, zilch. It's the ONLY was you'll get ahead. Buy with cash and think hard before you buy something. Live below your means. Investments go in cycles...hard to predict what will "win" in a given year.
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I was a public speaker before I retired. My subject was money. The advise given by donb9006 is the best advise on money. Save for what you want, buy used when you can and pay cash! Before you buy anything.... THINK! Do I NEED this or do I WANT it??? Often times you will decide you don't really need it.
We buy most items with a thought in our head as to what we are doing to be doing with it after we buy it. I give the example of the outdoor furniture I purchased when I lived up north. I saw myself eating breakfast out there most mornings... In two years we probably used it twice. We didn't have time in our busy schedules to eat breakfast outside,
You see it with many of the pools being built in The Villages. Not many people in them.
Put your money on memories... not things. Things wear out... memories are with you forever.
We have too much stuff! Back in the 50's we had small homes and no stuff and people were happier. Now... we have large homes and lots of stuff and we aren't happy! That stuff..... Isn't what happiness is about.
Absolutely SAVE!!!! But not so much that you aren't enjoying life. We had a tax business for 30 years and saw too many people with money, and no life. I found it very sad.
I would never tell anyone what stocks to buy... I've had good luck... I've had bad luck. *shrug* Even the experts don't get it right.