Live below your means.
Exec who mocked Chick-Fil-A now on food stamps
http://www.freerepublic.com/focus/f-bloggers/3273180/posts
especially if you’re dumb.
“The path to wealth is through industry and frugality”
Adam Smith.
My Dad,a child of the Depression,was fantastically successful in his life when you consider that he was the youngest of 8 who grew up in the filthy slums of South Boston thanks to his father having been badly disabled by tuberculosis.
Although he could have afforded much,*much* better after he achieved his success he always drove Oldsmobiles and wore Timex watches.In fact,the one memento of his that I wanted after his death was his Timex watch and my siblings said that was OK with them.
Of all the valuable lessons he taught me,living below your means was just about the best.
That’s the only lesson you really need.
I reckon if you are paying interest on credit cards, you are a debtor and living beyond your means.
From the classic “The Richest Man in Babylon”:
A portion of all you earn is yours to keep.
Wealth consists of unspent money wisely invested.
Put 10% aside every month even if this means adjusting your lifestyle.
I recall the Volkswagen ads of the 1960’s: One billboard showed a 1965 Beetle with the caption, “Live below your means”