![]() ![]() And for others, it’s the chance to have a second career you’ve always dreamed of. Maybe for some, it’s traveling and leisure. Retirement will look different for everyone. especially for retirement.Īvoid the traps and manage your money the right way with Financial Peace University. After that, you can move on to Baby Step 4 so you can begin to invest and set yourself and your family up for the future. What matters most is that you start now! If you have debt holding you back, it’s time to pay it off as quickly as you can.Īnd once you’re out of debt, save like you’ve never saved before in Baby Step 3. When they’re ready to leave the nest, they’ll thank you-trust us.įorgive us for shouting, but IT’S NEVER TOO LATE TO START PREPARING FOR YOUR FUTURE. Help your kids to know what it’s like to work and be responsible. You might have had to work at a young age when you were a kid, but don’t let your past be a burden on your children. ![]() But believe us-it won’t.Īnd when it comes to raising money-smart kids, it’s important to show them the value of a dollar through hard work. But if happiness is being found in stuff, then you might actually have a case of “want-itis.” Want-itis is the aftermath of discontent, believing that your stuff will make you happy. And their happiness should definitely play into that. There’s no denying the fact that family should be at the top of your priority list. My family won’t be happy if I don’t give them the best. In no time, you’ll have enough money to trade up for a nicer, newer car-all without a pesky car payment!ģ. And when you buy used (with cash), you won’t have to worry about paying on your car loan long after your car goes kaput.īuy a car used, and save the money you would have put toward a car payment. Let’s face it-an old car can be just as safe as a new car. If millionaires can drive used cars, why can’t the rest of us? Not only that, eight out of 10 millionaires drive off the lot debt-free without a car payment. In Everyday Millionaires, Chris Hogan states that the average millionaire drives a four-year-old car with at least 41,000 miles on it. Start your free budget and begin saving now with EveryDollar! The more you can set aside now, even if it’s just a little bit, the less you’ll have to worry about later. And it doesn’t start when you make more money-it starts today. ( 1 )īut the key to building a solid future with your money starts with budgeting and saving. Nearly one in four people in America today don’t save each month. Saving is for yuppies, right? Well, not if you want to stop living paycheck to paycheck. Plus, once you know the real truth, you can start your journey toward financial peace. It’s about time we call out these long-believed “truths” for what they really are: myths. That’s why we’ve compiled this list below. Maybe you’ve fallen into the trap of the almighty FICO score.ĭon’t worry-you’re not the only one. Maybe you signed up for every credit card offer you received in the mail, or you just thought debt was a way of life. We’ve all messed up when it comes to money. But the real truth is that these myths are keeping broke people. There are a ton of myths out there parading around as truth. ![]()
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