Chapter 8. Establishing a Savings Foundation


“The saving man becomes the free man.”

 --Chinese proverb

“The only reason to have money is to tell any s.o.b. in the world to go to hell.”

 --Humphrey Bogart

All good hiking expeditions begin with proper preparation, and so it is with your personal finances. Unless you inherit vast sums of money, you’ll need to build your base of assets largely from scratch. Even if you come to the journey with lots of existing resources, you should be able to improve how you spend and save money. This chapter will show you how.

Giving Yourself an Unfair Advantage

Before you begin your journey, you should make sure that you’re not encumbered or held back unnecessarily. Carrying high-cost consumer debt—such as that on ...

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