Money guys

Discipline > Margin of saving money > time

  • Deferred gratification
  • Avoid debt

  • 60% of Americans cannot come up with $1000 for an emergency

  • 47% of Americans carry a credit card balance
  • New cars lose 50% of their value in the first four years
  • Save 20-25% of gross monthly income (10% is not enough now)
  • Only 25% or Americans work in their field of study

References

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