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To: Baynative

The point of the article is that early savings, or starting NOW whatever the day is, will get you a long way with time. Saving is a habit. Not touching it except for capital improvement is a habit. Diversification to avoid down turns is a habit.

I can see you wish they had this one habit in their well behaved life — perhaps they can pick it up because, of course, they never listen to we parents.


38 posted on 03/24/2014 9:42:50 PM PDT by KC Burke (Officially since Memorial Day they are the Gimmie-crat Party.ha)
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To: KC Burke
Actually, they are doing a better job of saving than the old man did. I think some of the IRA programs available now actually encourage better planning.

Back when my son was in college his bank (I think it was BofA) had a debit card feature where every purchase made was rounded up to the next dollar and the change balance was auto deposited into a savings account. By using that card for everything he did in college and the first two years at work afterward graduation he had enough for a down payment on his first house.

46 posted on 03/25/2014 7:58:21 AM PDT by Baynative (Got bulbs? Check my profile page.)
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