The Top 10 Things You Must Know About Saving for the Future

Gregory Karp

The wonderful secret of personal finance nowadays is much of it is “set it and forget it.” There are things you have to do once and never bother with again until your life circumstances change. You can put your bills on autopilot and set up an investing plan and not worry about it. Just ask yourself: Is the money you’re spending working for you or against you? Here are ten things you must know about spending for the future:

1. Never buy a new car until you’re a millionaire. Get-outof-debt guru Dave Ramsey often says this. He has a flair for dramatic statements, and I agree with this one, so I stole it. If a new car costs $30,000 and it loses the standard 30% of its value ...