I recommend people do everything they can to avoid bankruptcy. It’s not an easy do-over, it’s a last-resort kind of thing.
Long-term interest rates are still really low. If you were to buy a bunch of bonds right now, and interest rates went up even one percent, you could lose a lot!
When you start to win with money you discover pretty quickly that there’s a very small group of people you can celebrate with.
Winners and successful people quit all the time; they quit doing things that aren’t working.
Work creates money, and that’s an important thing to teach your kids.
If she accepts responsibility and starts working hard toward handling her money wisely, you might help her out once in a while.
You have to get mad at the things that steal your money a dollar or two at a time.
Find one good broker you’re comfortable with and who has the heart of a teacher.
Pre-planning and making selections ahead of time is a great idea, but it’s never a good idea to prepay for this kind of thing.
Dave recommends people delay all types of investing until they are debt-free and have an emergency fund of three to six months of expenses.