From the course: Start Young for Your Best Retirement
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Lifelong healthy habits
From the course: Start Young for Your Best Retirement
Lifelong healthy habits
- Mega investor Warren Buffet tells a great story about staying healthy. He says that if you only have one car for your whole life, you treat it well, right? Drive it carefully, fill it with premium fuel, get regular maintenance. Well, that's the same with our physical health. We do only get one body. And it's also true for our financial health. We really do get one shot. And the choices that we make over time form habits. And those habits are 100% responsible for our financial health long-term. So how do you set yourself up for lifelong healthy financial habits. Or a different question, are you ready to eat your vegetables? Begin by using debt strategically. Companies call debt leverage, 'cause it helps them get to the next stage of growth. You can too, for education, for long-term assets like a house, or for something that you can use to make more income, like a small business. And do not get into high-interest debt, especially credit cards or payday loans. Every dollar you're…
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