10-04-2005, 12:39 AM
2001 ZTS,Sep 30 2005, 08:38 PM Wrote:There is a really good book out there called "The Wealthy Barber", I CAN'T STRESS ENOUGH HOW GOOD IT IS! Between it, an elective I took in school about "Personal Finance" I've done very well. You wouldn't believe me how much so if I told you.
Property and a RRSP are the corner stone of wealth management in Canada but even more important is just a few good habits, discipline, having a plan and sticking to it. As the book says "Pay yourself first!"
Now matter how little anyone here makes or whatever hole anyone may be in now they can get out and then some.
I bet I could increase the net worth of a guy like darkpuppet who makes good money but has bad habits a million dollars in about 7 years.
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I have this book in the shitter room. let me know if you want to borrow it.
Paying yourself fist is the smartest thing you can do. Reason #1 why 1/4 of my pay goes away before its even deposited in my bank account. I dont even see it coming off, unless I take a close look at the deductions part of my paycheque, then I cry. :( :lol: