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Episode 3065:
Personal finance is all about making smart sacrifices today to reap financial security tomorrow. Honey Smith explores how strategies like saving for retirement, maintaining an emergency fund, and paying off debt help build lasting wealth, even when they seem like tough choices in the short term. By prioritizing financial well-being and making intentional decisions, you can create a more stable and rewarding future.
Read along with the original article(s) here: https://www.getrichslowly.org/personal-finance-and-the-long-game/
Quotes to ponder:
"Personal finance is about making choices that are harder in the short term for the good of the long term."
"By maintaining a reasonable balance in liquid vehicles, you decide that losing out on some dividends or interest is a smarter choice than paying interest to a credit card company when emergency strikes."
"Perhaps the biggest trick to the long game is realizing that you can't do everything at once. As the saying goes, you can have anything you want, but you can't have everything you want."
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