Dave Ramsey, Dave Ramsey, Dave Ramsey!!!
I'm going to explode if I hear his name one more time.
There was another author. . .George Clason. . .he wrote The Richest Man in Babylon.
The main prinicple of this book was:
1. Pay Yourself First
There is always someone with their hand out - the car mechanic, the doctor, the student loan service company, the Girl Scouts, etc.
You can always find someone you owe something.
If you don't pay yourself first (the 401k in question), you will never accumulate wealth.
You'll just acheive a zero sum net worth following Dave Ramsey's advice.
You'll have no liabilities.
But you'll have no assets either.
I don't know about some of you, but some years with my family, our Roth IRA contribution at the end of the year was all we had to show for our hard work. I'll be darned if I would let a TV entertainer tell me to not pay myself something per year.
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