Cut back lifestyle, pay down debt, do not do anything that would increase your fixed personal overhead.
People were telling me I was a fool to pay off my mortgage instead of putting the money in the market. Well, no mortgage means that I can weather a bad financial storm better than most.
“Cut back lifestyle, pay down debt, do not do anything that would increase your fixed personal overhead.”
Check, check and check. : )
Now I have 9 more steps.... ; )