None of us liked the sound of that.So my father started learning about the stock market and investing in stocks and mutual funds. I try to avoid credit card debt and buy everything with money I already have. Most of it is consumer debt: credit cards, store accounts, rent-to-own, auto loans, etc. You may now be a bigger target, so buy a suit of armor.The management aspect comes into play where you may start [...] Most people never develop wealth enough to need this level. 401ks are much cheaper to administer and you, the employee, take the hit when the market goes down, not the employer.My father is nearing retirement age and I think he has a good plan. This increases my stability by allowing me to not have to rely on one client, employer or source of income. I don’t buy things expecting that next month I will have more money or I will get a big raise or promotion. But you have to start building the “nest-egg” that you will rely on when you retire.And don’t think that Social Security has you covered, or that your 401k will grow back to what it was a couple years ago. ” >Personal Finance 101 I started with a goal to have enough cash for 6 months of my normal financial needs (mortgage, food, insurance, transportation, etc.).
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