Being Money Smart

You need to play smart economic offense (increased earnings) and smart defense (how you spend or don't spend that money).  This is wisdom from the best seller: The Millionaire Next Door.

You are told to 'live within your means'.  But what does that mean?

  • You calculate how much your are earning
  • Subtract taxes
  • Subtract health care
  • Subtract student debt
  • Subtract and amount to build your emergency fund
  • Subtract your contribution to your 401k or IRA

Then, spend less than what is left over.  Only the above will give you are realistic feel for, and a foundation to, build a strong personal financial plan.

Student Retirement Calculator Carve a realistic strategy to millions in net worth at retirement Note: It may take 20 seconds to load

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