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To: oldcomputerguy

While the dictionary definition of wealth is connected with affluence—having an abundance of money, Schuchardt says wealth is “about having enough money to be financially secure. The concept of financial security means you are first, financially independent, or out on your own; then financially stable, or able to meet day-to-day expenses; and finally, able to save, invest, and control debt in order to reach future goals that take money to buy, such as a home, a college education and a comfortable retirement.” Schuchardt, a former senior fellow with the National Endowment for Financial Education, suggests these simple tactics:

http://www.utah.edu/unews/releases/04/mar/wealth.html


184 posted on 02/02/2006 10:30:24 AM PST by x5452
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To: x5452
" Schuchardt says wealth "

Yeah well Jane's principals are good alright but they are only one view. Jane also does not have a monopoly on getting to the finish line.

The problem with a cash based life is a low standard of living. Judicious use of credit, both by the individual and the govt, results in a better standard of living for all.

There is a reason why living standards exploded with the explosion of credit. One can argue that credit is seductive but to argue one should avoid it is a limited view in my opinion.
187 posted on 02/03/2006 6:27:32 AM PST by oldcomputerguy
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