According to a renown author, Robert G. Allen, the real key is to keep socking away the money.
Let the numbers whisper their silent but relentless message . Consistency. Day in, day out. Save.
Invest. Save. Invest. It might be boring . It might be dull. It might be hard to do. No matter. Just do it.
Speaking further on this issue, Robert G. Allen recounted a meeting he had with a young man in Chicago who had made the decision to make his future bright by dimming his desires today. He worked full time, as did his spouse. If they had been like normal (broke) young married couples, they would have pooled their 2 paychecks and bought a new car (with a fat monthly payment), stretched themselves into “too much house”, and stressed out for the next 30 years.
Instead, this young couple made a very smart choice. They lived on her paycheck and saved his entire monthly $2,000 paycheck. They put the money into well-selected mutual funds
and watch the cash begin to pile up. This is the true prosperity.
Our parents were right. We cringed when they told us, “Live on less than you earn . Invest the surplus. Avoid debt. Build long-term security.”
This may not be exciting get-rich-quick rabbit, but the tortoise laughs slowly all the way to the bank. So , with that tortoise mentality firmly in place, let’s start building some specific plans for
the future.
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