The Money Mastery system of personal financial management teaches that savings is actually just “delayed spending.” What this means is that all money is to be spent — some will be spent now, and the so-called “savings” we create will be...
Here is a bad example of spending that will probably cost this family much more than just money because it will take peace from the home and may even cause a divorce. Consider the following people, I will call the Winkler family — they are a real family of...
The Money Mastery system teaches in Principle 3 that there is no such thing as savings. But you may be thinking, “What!? No savings?” Before you get too up in arms, let me explain. All money is to be spent, it just depends on where and how you spend it,...
Have you ever had this experience? You’re anxious to pay off your last credit card debt so you can stop those painfully high interest payments, but then you wonder about dipping into your savings to do so. “Should I lower the amount I’m putting in my 401(k) to pay...
Saving money is not just something you do because others tell you it’s a good idea. Mindlessly putting money away without a plan is counterproductive. All saving is to be done with a purpose! You save money to spend later, be it for emergencies, retirement, or...
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