Steps: - Deepstash
Steps:

Steps:

  1. Stop Senseless Spending
  2. Fund Retirement Plans ASAP
  3. Improve Tax Awareness
  4. Own Your Home
  5. Avoid Luxury Wheels
  6. Don't Sell Yourself Short
  7. Don't Rely on Luck

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RELATED IDEA

Stop Senseless Spending!

Unfortunately, people have a habit of spending their hard-earned cash on goods and services that they don't need.

It’s important to realize that it's usually not just one item or habit that must be cut out in order to accumulate sizable wealth. Usually, in order to become wealthy, one must adopt a disciplined lifestyle and budget. This may mean eating out less frequently or cutting back on expenses.

This doesn't mean that you shouldn't go out and have fun, but you should try to do things in moderation and set a budget if you hope to save money.

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3 Questions to Answer to Know How Much You Need to be Able to Retire

To figure out how much you need in order to retire, answer these questions:

  1. How long do you expect to live in retirement (early retirement = longer retirement)?
  2. What budget can you enjoy living on?
  3. How much income do you expect in retirement (Social Security, rental income, part-time work, annuities, etc.)?

Multiply by 28 the difference between answers 2 and 3. That's how much you'll need for regular retirement age. For early retirement, multiply by at least 33.

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Investing In Each Other

A strong, healthy, and long-lasting marriage has some key ingredients that make it work: Commitment, Hard Work, Consistency, and Intentionality.

The same ingredients are required for building wealth when one is with a life partner, planning to spend your entire life together.

Life partners have to invest in each other.

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