The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/it-is-more-important-what-you-do-with-your-money-29270652.aspx

Subject:  Re: IRA or no? Date:  4/30/2011  12:17 AM
Author:  4swgray Number:  68947 of 78166

It is more important what you do with your money after you earn it than how (or how much) you earn. The key is NOT to spend all of your earns given that there are only three ways to make money: land, labor or capital.

As a starting investor, first establish your emergency reserve fund while eliminating all debt. As your grandparents lived, if you don't have the cash to buy the thing(s) you want then you save until you can afford it. Debt is the num