RE: Building Blocks of a Solid Financial Foundation
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I have always tried to live by the rule of: Live below your means.
Also, learn to understand that putting away (saving) payments for a future house, car, etc is not the same as paying for a house, car, etc that you have borrowed to enter. One is money that is all yours, the other is debt that must be paid and can be lost with a default.
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That's good to hear, Michael. And you're right about saving for those material things. It is a different thing. The thought of mortgage actually scares me :)