jerryc41 wrote:
Many years ago, I read a book that gave financial advice. The author emphasized three practices.
1. Pay cash. When use use credit and pay interest, you're throwing money away.
2. Don't stop working. You can retire, of course, but don't spend the rest of your life in a chair with the TV remote in your hand. Get a part-time job, volunteer, do something that requires you to follow a schedule and gives meaning to your life.
3. Give your fortune away before you die. Instead of having a dozen relatives praying for your death every night, give them their inheritance while you're still alive. They will be able to use it more now more than later, you will see their appreciation, and you will see how they use it - gambling in Las Vegas or buying a house. Of course, if you have no fortune to give away, disregard #3.
Those three ideas always stuck in my mind, and aside from #3, I have tried to follow his advice.
Many years ago, I read a book that gave financial ... (
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RE: point one ..... if you are offered 0% financing on a credit card .... do not turn it down .... never refuse free money .....