How a woman went to the brink of poverty... and what she did about it...

[Ankesh]

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...