I think it should be a requirement for everyone in high school to take a course in money management. I have long been a believer that if you always live below what you make you will be able to retire debt free and with money in the bank.

But the book “The Millionaire Next Door” goes one step further by saying you can actually become a millionaire.

How?

Budget – Set a limit and stick with it.

Plan – as much as a year in advance for buying high end products such as a car so you can research and pick the best for your needs

Live a simple life – you buy the car that is dependable rather then has the most bells and whistles. (more…)

Tags: money management, retire debt free