Sticking to Your Plan
In This Chapter
◆ All debt comes with an opportunity cost
◆ Your most important financial goal: saving for retirement
◆ Planning for college costs
◆ Why paying interest is a waste of money
◆ Debt-related stress and your health
When my wife and I went to the hospital to deliver our first son, our doctor recommended that we hang up his first little outfit in the delivery room. The theory was that, if in the middle of the labor pains, my wife could see the outfit our son would soon wear, it would make the labor much more bearable.
This is actually based on a widely embraced personal growth and athletic theory called “visualization.” In essence, by envisioning the results, it both keeps you focused enough to achieve ...