“Most Americans with a net worth of a million dollars or more maximized their income, lived within their means, saved regularly, invested smartly and let their money compound for years – if not decades. “
...”saved up” for major purchases and paid off credit card debt immediately.
Mrs. L~ and I became totally debt-free three years ago. No mortgage. No car loans. Financial FREEDOM!
Buy two year old cars with 20,000 to 25,000 on the clock. Pay the loan off in three years. Keep the car for ten years. There is no greater money suck than a new car every two or three years.