Thursday, June 09, 2005

If I Were a Financial Advisor for a Day

Well, not me actually. I didn't write this article, but I think it's great advice. #7 is the most important.

#1 Put a portion of each paycheck into personal savings
#2 Live well below your means your first few years on your own and marriage
#3 Continue to live fairly modestly as you get older
#4 Avoid debt and borrowing unless necessary
#5 Give yourself a pay raise by kicking costly addictions
#6 Tithe and/or give charitably
#7 Learn basic economic principles
#8 Ignore what the politicians and central bankers tell you to do

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