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Chapter 6: Saving and Investing

Chapter 6: Saving and Investing. Why Should You Save?. 9 Best Reasons To Save. 1. Desire To Retire *Do you really want to be working into your 60’s? Wouldn’t it be nice to be done working at the age of 55?. 2. There’s A Train Wreck Ahead

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Chapter 6: Saving and Investing

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  1. Chapter 6: Saving and Investing Why Should You Save?

  2. 9 Best Reasons To Save 1. Desire To Retire *Do you really want to be working into your 60’s? Wouldn’t it be nice to be done working at the age of 55?

  3. 2. There’s A Train Wreck Ahead *One thing certain about the future is its uncertainty and in an uncertain market the motto is: Start early, save more.

  4. 3. Expect The Unexpected *Because emergencies -- think job loss, illness, car breakdowns and home repairs -- happen to all of us (sometimes all at once), experts recommend building reserves for a rainy day before funding those sunny retirement days.

  5. 4. The Price of Getting Smart *A kid's college years crop up faster than you can say "expected family contribution" -- and even public institution costs are expected to reach six figures by 2020.

  6. 5. Living Your Dreams *Everyone has goals and many of them take money. Whether it's homeownership, a big wedding, a trip around the world or a cabin at the lake, setting goals and working to achieve them is a mark of happy and successful people.

  7. 6. Let Your Freedom And Independence Ring *Americans today spend more than they earn. Savings are less than zero. But you can break out of that mold all on your own and reap the benefits of feeling free and independent.

  8. 7. Answering Opportunity’s Knock *There are any number of folks who have had their lives changed because an opportunity came along where they had some funds and were able to put money into it," Harris says. Only a saver will have the freedom to seriously consider them.

  9. 8. Building Real Character *Those who learn enough discipline to leave saved money alone rather than giving in to another spending temptation are able to grow and mature. That kind of discipline teaches self-respect and earns the respect of others. It shows you can maintain control of your own life and avoid emotional decision making.

  10. 9. It Just Plain Feels Good *You start feeling good, and you get a better feeling of self-worth when you're saving." Self-sufficiency can be seen as patriotic, too -- when you can take care of yourself, society won't have to.

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