This week, I was reading "Surviving Financial Meltdown - Confident Decisions in an Uncertain World" by Ron Blue and Jeremy White. This is, of course, quite relevant in our current economic times.
The book summarizes the four principles of financial success as:
1. Think long-term with goals and investing
2. Spend less than they earn
3. Maintain liquidity (or emergency savings)
4. Minimize the use of debt
These are good principles to keep in mind, and it wouldn't hurt to do financial healthcheck evaluations based on these.
Friday, August 7, 2009
Surviving Financial Meltdown
This week, I was reading "Surviving Financial Meltdown - Confident Decisions in an Uncertain World" by Ron Blue and Jeremy White. This is, of course, quite relevant in our current economic times.
The book summarizes the four principles of financial success as:
1. Think long-term with goals and investing
2. Spend less than they earn
3. Maintain liquidity (or emergency savings)
4. Minimize the use of debt
These are good principles to keep in mind, and it wouldn't hurt to do financial healthcheck evaluations based on these.
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