How to save 10 percent of your income - 2004-12-25
The wish list is long. But Santa sure isn't paying the bill.
I keep hearing about things that apparently I just have to have, like a flat-screen television, and a bigger home, and a commodity fund. But what am I meant to give up?
Don't foolishly buy into the conventional financial wisdom. We are often advised to purchase the biggest house possible, take out the largest mortgage possible, buy life insurance equal to five times income and keep a hefty pile of emergency cash.
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