
oldbuddy wrote:First of all, is you need to start right now (before Hard Times Occur) to start making sure they never happen.
Problem Solved!
For example, it's much simpler to plan to be Debt Free, before you have any Debt to be Free of.
Start early to analyze your personal attributes and apply them to a job that will MORE than sustain you.
Start saving early in an account that pays Daily Compound Interest and let it compound without touching it, in fact add to it.
Buy your own home and pay it off fast. Start with a shack and work your way up as you sell and repurchase from profits,
Not Debt! (I live in an $800,000 suburban home with my son and my share (the basement) is paid for)
Start a Side-Gig before you have to and feed your bottom line with the extra money.
Those are the highlights of what has worked for me, when you start seeing them work for you the rest should take care of itself.
Let It!
astutimeliana723 wrote:oldbuddy wrote:First of all, is you need to start right now (before Hard Times Occur) to start making sure they never happen.
Problem Solved!
For example, it's much simpler to plan to be Debt Free, before you have any Debt to be Free of.
Start early to analyze your personal attributes and apply them to a job that will MORE than sustain you.
Start saving early in an account that pays Daily Compound Interest and let it compound without touching it, in fact add to it.
Buy your own home and pay it off fast. Start with a shack and work your way up as you sell and repurchase from profits,
Not Debt! (I live in an $800,000 suburban home with my son and my share (the basement) is paid for)
Start a Side-Gig before you have to and feed your bottom line with the extra money.
Those are the highlights of what has worked for me, when you start seeing them work for you the rest should take care of itself.
Let It!
Yes, I see, good advice. But there are some unexpected problems, so we don't have good preparations yet. For example: In the case of the corona pandemic yesterday, who would have thought that such a difficult problem would occur. People lacked food and money, lost their jobs and became unemployed. Understand, not everyone's financial condition is as good as yours. There are people out there who work only to eat that day, if they don't work, they don't eat. Unless someone else is willing to care and share. That's the reality here.
JASPREET wrote:I am banking upon patience and we should have different sources of income so as to do well even in crisis situation
Emmaojo wrote:abnegation
oldbuddy wrote:Trust me, I know the reality. I was born in a Los Angeles ghetto called Watts and grew up in project housing after my dad was killed racing cars. My mom was 21 with 3 kids, no insurance and had never had a job in her life. That did not even slow her down. I learned how to go without from shortly after the day I was born until I left home a 14. When I met my second wife, we were both divorced and determined to live Debt Free and after 52 years together we still have it accomplished. You mentioned the virus? Last Christmas I had Covid 19 and Pneumonia at the same time and layed in the Hospital not knowing if I would live and when I got the bill. I could have wished I hadn't, but planning had us right back on our feet debt free still. Have you ever noticed that if you throw a cat off a roof, they ALWAYS land on their feet and take off? We humans are the same way if we want to be, but you have to decide that's what you want before you meet the chalanges that can rob you from it.
My hats off to you for being such a mentally strong person. This piece really got me motivated to live life and be positive.oldbuddy wrote:astutimeliana723 wrote:oldbuddy wrote:First of all, is you need to start right now (before Hard Times Occur) to start making sure they never happen.
Problem Solved!
For example, it's much simpler to plan to be Debt Free, before you have any Debt to be Free of.
Start early to analyze your personal attributes and apply them to a job that will MORE than sustain you.
Start saving early in an account that pays Daily Compound Interest and let it compound without touching it, in fact add to it.
Buy your own home and pay it off fast. Start with a shack and work your way up as you sell and repurchase from profits,
Not Debt! (I live in an $800,000 suburban home with my son and my share (the basement) is paid for)
Start a Side-Gig before you have to and feed your bottom line with the extra money.
Those are the highlights of what has worked for me, when you start seeing them work for you the rest should take care of itself.
Let It!
Yes, I see, good advice. But there are some unexpected problems, so we don't have good preparations yet. For example: In the case of the corona pandemic yesterday, who would have thought that such a difficult problem would occur. People lacked food and money, lost their jobs and became unemployed. Understand, not everyone's financial condition is as good as yours. There are people out there who work only to eat that day, if they don't work, they don't eat. Unless someone else is willing to care and share. That's the reality here.
Trust me, I know the reality. I was born in a Los Angeles ghetto called Watts and grew up in project housing after my dad was killed racing cars. My mom was 21 with 3 kids, no insurance and had never had a job in her life. That did not even slow her down. I learned how to go without from shortly after the day I was born until I left home a 14. When I met my second wife, we were both divorced and determined to live Debt Free and after 52 years together we still have it accomplished. You mentioned the virus? Last Christmas I had Covid 19 and Pneumonia at the same time and layed in the Hospital not knowing if I would live and when I got the bill. I could have wished I hadn't, but planning had us right back on our feet debt free still. Have you ever noticed that if you throw a cat off a roof, they ALWAYS land on their feet and take off? We humans are the same way if we want to be, but you have to decide that's what you want before you meet the chalanges that can rob you from it.
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