Tuesday, April 22, 2008

Save Now or Die Trying

In his book "Save Now or Die Trying" Mark Bruno recommends, among others, the following strategies:

  • Start saving now for retirement. You never know how much you need during your retirement with inflation factoring in.
  • Save and as long as you save every month, even for a small sum, it will grow into a substantial amount.
  • When you start saving early the compound interest will work wonder for you.
  • Always pay your credit card in full before due date. Credit card debt is bad debt.
  • Once in a while give yourself a treat. You need a break too.

1 comment:

  1. # Once in a while give yourself a treat. You need a break too #

    I like your reasoning! It is true that for your sanity, you need to ENJOY life now and again. If you are slogging away at repaying debt for years with no break, it will never work!

    ReplyDelete

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