Building Your Wealth
The problem most people have when it comes to saving — aside from how boring the whole idea sounds — is having too many big goals. Everybody wants everything. You may want a new car, but you need to pay off your student loans and save for a down payment on a house too, and then there’s the emergency fund and the 401(k).... It’s tempting to just blow it all on tickets to Hawaii. But getting a grip on what your goals are and how to meet them is actually liberating. Instead of worrying about how you can possibly save enough, you come up with a plan to get what you want and need the most and maybe one goal at a time.
Focusing on your spending and decision making can give you control over your life. The decision to live within your means is a game changer. You can not control the decisions of CEOs or the Federal Reserve. Focusing on what you can control can give you the following:
1. Retire with a sizable nest egg
2. Visit foreign countries
3. Own all your possessions including home and cars
Joining us for our discussion on Building Your Wealth is Danny Kofke who is calling in from his Suburban Atlanta, Georgia office. Danny Kofke is a Special Education Teacher and an author. He has been a pre-k, kinder-garden and first grade teacher. His latest book is The Wealthy Teacher: Lessons For Prospering On A School Teacher’s Salary.
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