1. Personal Finance Topic #180 - Ultimate secrets to YOUR financial success Shhhh! This is a post with secrets you don't want everyone to know I'm kidding about the secrecy part, but if everyone followed these concepts, they all can reach a high level of financial peace that you would not have imagined 20 years ago. So let's get started with the concepts - and you tell me if this is doable for you. Ultimate secrets to YOUR financial success Spend less than you earn - live below your means Save and pay cash for everything except mortgage (but put at least 20% down) Don't borrow money - and if you have debts, pay them off starting with the smallest balance first, then work on the next smallest debt. Keep up with monthly budget, and stick to it Have emergency fund of 3 to 6 months in expenses Buy reliable and economical 3 to 4 year old used cars with cash (millionaires can buy a new car once in a while with cash) Don't keep up with the Joneses because they look good on the. Those that need to have extra advice about the topic of this article, explore used car guide asap.outside, but they are broke on the inside Stay away from no-interest loan, no payment for 2 years loan, or any loan for that matter. Go to state schools unless you or your parents are a millionaire Invest at least 15% of your gross income into tax-advantaged accounts Buy adequate coverage for your homeowners, auto, medical, disability, and level-term life insurances to protect your family Have a will, durable power of attorney, living will, and a willdata form. Funeral directives would be smart also Keep appropriate beneficiaries' names on insurance, annuities, and retirement funds (not your ex) Don't go into a partnership Have a joint checking account with your spouse Don't buy something jointly with someone you're not married to Keep your finances simple so your spouse can easily take over
2. In the event you need significantly more help and advice concerning the topic of this article, just go to this article directly. In time of crisis, have faith, and protect your family (credit card and unsecured loans are the last things to pay on your list) Other sage advice, anyone?