1 . always keep 1 year of emergency cash
2. save 10% and invest 20% of gross income , minimum
3. pay cash for large expenses ( wedding , dream car)
4. never question spending money on books , appetizers , health or donating
4. business class on flights over 4 hours
6. no limit for spending on health
7. buy the best and keep it as long as possible
8. earn enough to work with people you like and respect
9. marry the right person
10. participate time outside the spreadsheet
thank you!
I’m sorry but some of this is just not good advice at all. I appreciate the fact that you’re trying to give some advice to others but I think that’s best left to those whom are licensed to do so.
1 year of emergency cash is like I too much more most people. That’s all depends on if you’re a single person or married with kids. Saving 10% is likely far too much more most people. Investing is saving, so putting 10% a side in to cash type investments is likely not necessary.
Paying cash for large expenses also doesn’t make sense for most people. If you make payments then you can use the rest of that money to invest which can then lead to being able to pay off a lot of whatever it is you bought with the earnings from this investments. You pay cash, you earn nothing on it.
#4, you should question on how much you spend for anything and you absolutely need to budget yourself. Same goes for business class on flights. To state that people should pay extra for longer flights is not good advice. Many people can’t afford it and shouldn’t waste money like that.