Tuesday, March 1, 2011

Top 2 Tuesday

Top 2 Things You've Learned About Money

Let me preface this by saying my husband got his degree in Finance with an emphasis in investment. Then he got his MBA and has worked since graduating from college in credit. Homeboy knows his stuff.

1. Do not live beyond your means.
If you don't have the money for it, don't buy it. Young folks tend to do this because they want the newest stuff all the time. Then it's a viscious cycle of debt and still not ever being satisfied. So....if you ain't got the money for it, don't you go buyin' it.

And don't wipe your butt with dollar bills.

2. Save for retirement.
Booooorrring! 401k's, mutual funds, blah blah blah. We have MANY different types of investments for retirement. It kinda sucks when you think about the amount of money that we are saving that we won't use for another 30+ years...BUT, the older we get, the more I know we are totally prepared. And we're super nerdy when we figure out if we keep investing a certain amount of money/month and if we retire at age 55, then we will have $1 million dollars! I'm making that up. I can't remember how much it is, but we'll be set.

Head over to Taylor's blog and play along!


Kathryn said...

All so true! And I love "don't wipe your butt with dollar bills"

Jax said...

Love this! And I laughed at the toilet paper/butt thing..ha! And yeah, I have definitely learned the 401K and the living within means thing in the past couple years!