Brent S
Top Poster
Great point on being debt free too. I’d probably move that to the top of the list. Most people are going to be stuck with a mortgage, ok, at least it’s low interest and hopefully just 15 years. But credit cards and cars are just stupid to borrow on. It’s really hard to save and get ahead when your paying insane amounts of money to others so they can get ahead.I totally agree. As we've discussed before, I think two of the most important investments that a person can make, are; 1) invest in yourself. That could mean learning the skills necessary to make yourself more employable, or that would lead to a higher paying position. It could also be learning the skills that will help you during and after a diaster. And 2) and possibly the most important part of investing is to be totally debt free.
I guess there is also a third "rule"; start investing early. Learn about compounding interest, buy real estate and learn how to invest in the stock market.