6 PRINCIPLES FOR DEBT-PROOF LIVING
YOU MUST NEVER KEEP IT ALL
The first thing you must do when money flows into your life is give some of it away.
YOU MUST NEVER SPEND IT ALL
Always pay yourself before anyone else. Always.
THERE ARE ONLY FIVE THINGS YOU CAN DO WITH MONEY
Give it, save it, invest it, lend it, and spend it. Notice where spending comes in that lineup: last. Spending should never be the fist thing you do with your money.
Paying cash requires making some lifestyle changes and sacrifices, but it will keep you from drowning in a sea of red ink on your journey to financial freedom.
NO DEBT NO MATTER WHAT
Unsecured debt is like cancer. At first it is not life-threatening because it involves only a cell or two. But it never stays tiny.
DEVELOP A STRATEGY
Without a plan for getting there, reaching your goal of financial freedom will remain a dream. A plan turns a dream into a goal.