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“A man with an experience is not at the mercy of a man with an opinion.”
The first lesson of this economic storm is that your financial process and principles must work in good times and in bad times—otherwise, they don’t work.
Winning at money is 80 percent behavior and 20 percent head knowledge.
IF YOU WILL LIVE LIKE NO ONE ELSE, LATER YOU CAN LIVE LIKE NO ONE ELSE.
Savings without a mission is garbage. Your money needs to work for you, not lie around you.
mediocrity will sneak up on you. The story goes that if you drop a frog into boiling water, he will sense the pain and immediately jump out. However, if you put a frog in room-temperature water, he will swim around happily, and as you gradually turn the water up to boiling, the frog will not sense the change. The frog is lured to his death by gradual change.
debt brings on enough risk to offset any advantage that could be gained through leverage of debt.
“A budget is people telling their money where to go instead of wondering where it went.”
In every marriage, there’s what I call the Nerd and the Free Spirit.
The Nerd has fun with numbers and feels like it gives them control. They
feel like they are taking care of their loved ones. But the Free Spirit doesn’t feel cared for; they feel controlled! They don’t want anything to do with the numbers, and they tend to “forget” about the budget. Guess what? Neither the...
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if two people just alike get married, one of you is unnecessary. You and your spouse are different, so celebrate the differences and learn to work together on this money stuff!
if you can’t be debt-free on it (not counting the home) in eighteen to twenty months, sell it.
There is another method of breaking your logjam that the lumber-jacks didn’t have available to them. More water would have pushed the logs around that corner, too, if they could have flooded the river. I may be stretching this metaphor, but more income will also break up your logjam; it will push the Snowball.
