Children who reach the age of eighteen with their entire skills set composed on Nintendo and eating Doritos have been neglected. Their parents neglected to give them the character traits necessary to live successfully.
You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.
Trust me, I know, you can make mistakes with money and still raise money-smart kids. You can start a new family tradition of handling money the right way.
While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.
You have to teach children about money intentionally - create teachable moments.
People are in such a hurry to launch their product or business that they seldom look at marketing from a bird's eye view and they don't create a systematic plan.
In the neighborhood where I grew up, it was a rough neighborhood - well, not rough, but it certainly wasn't upper class or anything. But I remember hearing things like, 'The little man just can't get ahead.' And if you start to believe that, then you know what? You don't get ahead.
Never take a loan against your retirement! When you pay interest against your retirement, you cost yourself interest.
I think the lie we've told people in the marketplace is that a degree gets you a job. A degree doesn't get you a job. What gets you a job is the ability to carry yourself into that room and shake a hand and look someone in the eye and have people skills. These are the things that cause people to become successful.
In order to be a great marketer, you have to be focused and intense and look at scarcity, urgency, activity and passion in the marketplace.
There is nothing wrong with having nice things, but when you are trying to buy nice things to be happy, you are going to hurt. It's not going to work.
You need some quick wins in order to stay pumped enough to get out of debt completely.
It takes some discipline and hard work, but relying on credit when things go wrong is a trap.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
My wife, Sharon, and I started with nothing when we got married. I was driving a 1902 Pinto and eating off a card table.
There are no shortcuts when it comes to getting out of debt.
A vacation home is a wonderful 'extra' as you start building wealth. Remember, though, it's still basically a very large, very expensive toy.
I will never be unemployed.
