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Reply to "Share your financial mistakes or coups "
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[quote=Anonymous]1. My parents didn't bankroll my young adulthood. They had means, but I had to work to earn fun money from a very, very young age. I got my first job ~8 working for my Dad’s company. I paid for most of my education. Most folks will think this is crazy as it is definitely outside the norms. :) 2. We live well below our means. We both work outside the home, but we could live on one salary with some austerity measures. 3. Reduce your taxable income. SPEND $$$ on a good CPA and/or financial planner. 4. Pay attention to your 401k, educate yourself about the market, and rebalance/adjust at least quarterly. 5. Live debt free. Pay in cash – to include cars. Never carry credit card debt. 6. Pay yourself first. 401k, 529s, etc… Fail: Investment property under water. [/quote]
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