Michelle Singletary on Investing, Retirement, and the Lies We Tell Ourselves About Money
Motley Fool Money
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Wisdom of Debt-Free Living
This chapter explores financial wisdom inherited from the speaker's grandmother, who successfully retired debt-free on a modest income. It discusses the negative impact of all forms of debt on financial stability and emphasizes the need for prudent financial planning in anticipation of economic downturns. Through anecdotes and insights, the importance of a saving culture and proactive financial strategies is underscored, including living below one's means and preparing for unexpected challenges.
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