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Old April 6, 2007, 03:18 PM
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Ankesh Ankesh is offline
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Join Date: Sep 2006
Location: Mumbai, India
Posts: 692
Default Re: A lesson from that story...

Thanks Dien.

Could have done with a few more details...

A few good lessons from her:

1. Not spending her 401K and thinking about her future.

2. Having an emergency fund. (Having a 6 month cushion is recommended.)

3. Not hesitating to work on jobs that didn't pay as much. There are quite a few people who act snobbish when it comes to jobs. They won't mind staying un-employed for 6 months - but they will never take a job that pays less than their old one...

4. Being a home owner. Ownership makes you rich.

5. Controling her expenses.

6. Finding more ways to make money.

One more thing she should do:

Use Leverage. Without leveraging no one can grow insanely rich - so rich that they don't have to ever work again if they don't want to.

And she is a writer... she of all people should know the power of leverage. How she can write once and get paid again and again...
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