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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

My spouse and I were that young, poor couple, sloughing away at our day jobs and scrimping and saving for years to build wealth. Many millionaires, me included, spend years of their life working and building up their wealth to reach the point where they have those millions. Be a millionaire by midlife.

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How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

Even if you aren’t invested in the market, you wonder if this will ripple down to you in the form of more job losses, higher prices, inflation, benefit reductions and belt cinching. This Is An Opportunity to Build Family Wealth. Some of you may know that I am on a mission to build wealth across generations in my family.

Recession 176
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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Emergencies constitute things like: Job loss Medical emergencies Accidents Unplanned large purchases (necessary large purchases) Natural disaster expenses You absolutely need to have this money set aside somewhere it can be easily accessed but also not within your day-to-day reach.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We also went through multiple job losses, surgeries, huge car repairs, etc. I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously. to a high of maybe $80,000/year.

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Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

I am the oldest of seven kids (yes, we all have the same parents – I get asked that quite a bit!). It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. I was born in West Palm Beach, FL.