Nearly half of Americans would have trouble finding $400 to pay for an emergency.
The Secret Shame of Middle-Class Americans
About Tom Leykis
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Its sad and our system is not build to make people save money by design.
Having kids, Bills, without a strong discipline and habit of saving is a disaster.
http://www.cnbc.com/2017/02/04/how-one-couple-spent-30000-eating-out-last-year.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104261173&yptr=yahoo
$10M seems like a good number. But then I think about that movie sequel, Wall Street. When asked how much money was enough, Josh Brolin said, “More.”
https://www.yahoo.com/finance/news/31-old-left-her-9-194720334.html
Father,
Very sad. I took your advice years ago and now am close to becoming a millionaire and debt free before I am 50. Avoid debt, save and buy good blue chip dividend stocks and cut expenses. Cook food at home and make coffee for cheap are the way to go to success. I have friends in debt and they are living hand to mouth one bill away from being on the street.
Best,
Scott
PS: the long term listener who called your show for the most excellent real estate advice ever!
Overvalued Real Estate http://la.curbed.com/2017/3/20/14984834/million-dollar-homes-los-angeles-sold