When I tell people I am a financial advisor, they sometimes ask the inevitable question: “Do you have any hot stock tips?” The GI doctor about to do my screening colonoscopy asked me this while I was lying in the fetal position. Awkward!
No, I do not have any stock tips – hot or cold.
But I do have some important advice about achieving financial independence.
It’s just five words. Are you ready?
Recently a client brought me a book highlighting this advice.
She was at an event and the AARP was giving free books to members. She knew I would like it, so she got one for me! I have the best clients. Thanks Anne M.!
Money Rules – The Simple Path to Lifelong Security by Jean Chatzky.
My client was knows me pretty well – I love this book.
There are 94 rules divided into 7 parts.
Part 1 – Make Money
Part 2 – Save Money
Rule #10 here is my rule said a different way: Live below your means. Period.
Part 3 – Avoid (Most) Debt
Part 4 – Spend Wisely
Part 5 – Invest for Tomorrow
Part 6 – Cover your Assets
Part 7 – Do’s and Don’ts
From Part 4 on Spending Wisely:
Rule #35 – Just because you have a coupon doesn’t mean you should go shopping.
Rule #41 – When it’s 50% off, it’s still 50% on.
Great advice!
This is my bonus book giveaway this month, in addition to my usual book giveaway below!
I am giving away two copies. If you would like to read the other 91 rules shoot me an email at michelle@briofp.com.
