GOLDEN RULES

Eastern Courier - - YOUR PAPER, YOUR PLACE -

I was asked at a bar­be­cue for my best tip for how to get ahead with money. Wow, I felt put on the spot.

Af­ter the bet­ter part of two decades speak­ing to money ex­perts, what nugget of wis­dom would my Satur­day af­ter­noon, sausage, beer and cake-ad­dled brain bring forth?

I fum­bled for an an­swer in my sud­denly blank mind. ‘‘Well, you can start by spend­ing way less than you earn,’’ I said, which sounded a lit­tle crit­i­cal, as if I were ac­cus­ing my ques­tioner of be­ing a spend­thrift.

Like a pa­tient play­ing word as­so­ci­a­tion with their psy­chi­a­trist, my an­swer was re­veal­ing.

Had I taken more time, I might have glibly re­marked that a good start­ing point was to be en­ter the work­force at a time when houses were sen­si­bly priced.

But ul­ti­mately, get­ting wealthy re­quires gen­er­at­ing a sur­plus to save, in­vest and pay off debts.

Wealth ac­cu­mu­la­tion for the hum­ble salary slave is a steady Spend less than you earn In­vest your sur­plus

Have a plan

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