Our Mothers told us not to over spend

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1. Live small always. Diversify investments all over the place. When you retire, or are laid off, be ready to relocate anywhere that makes fiscal sense – inside or outside the US.
2. Do not buy a car when there are buses and you live near your school or job.
3. Try paying out yourself first, add more deductions in your tax withholdings (see last section about claiming more tax withholding allowances) and save monthly and not wait for a tax refund.
4. Do not buy a house you cannot afford, save in long-term savings such as Index Universal life Policy, accumulation and distribution tax-free.
5. Four ways we are taxed: income, capital gains, estate taxes and sales tax
6. Four ways we can save: save early at young age even at $100 per month in an indexed annuity or index universal life policy and follow the lists listed in this post (see 1-4).
7. Buy only what you need and not what you want, decent car and cell (service plan of $40 per month), decent house and have only two children.
8. Find experiences that gives you more pleasure without spending thousands on vacation hot spots.
9. Take care of your health each day so you won’t spend more when you age and your body is slowly giving up.
10. Marry a man or woman who have the same savings values as you are, living small and wisely saving away for retirement.