Becoming financially secure for life is a habit …

and nearly everyone can do it.

Make saving and investing your priority starting as soon as you can count change.

Save and invest no less than monthly.

Even at age 80 I still save my change every day. Now it’s accumulated and used on vacations.
RECOGNIZE The Flying Nosh? They have one in the Smithsonian Air and Space Museum. It once contained a bagel. Mine now contains coins.

Increase savings every time your income increases.

Don’t play the market, use Index funds of various types.

It was worth the effort.

Don’t count your investments as your emergency fund, that needs to be separate

Never carry debt beyond a home or car and then in amounts that still allow saving.

Ponder over every purchase and then repeat.

Be patient.

One comment

  1. Wise advice. Buffett said many famous and or wealthy have sought his investing advice, and he gave them the same advice he gives away free to everyone. (Which is similar to your advice). When asked how many follow it, he said to his knowledge, none of the rich and famous, but many ordinary folks have. When asked why the former group did not, he replied “They didn’t want to get rich slowly”. “Be patient” sums it up well.

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