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The game of Monopoly is over when one person has all the money and property. I wonder how that translates to our little game of capitalism here in the US.
That's a sobering thought! *transfers more $$$ into her brokerage account* While eye-opening, though, I feel it can be difficult for people who start with negative monopoly dollars (debt) so to speak, to ever land on enough safe spots to invest.
I feel it can be difficult for people who start with negative monopoly dollars (debt) so to speak, to ever land on enough safe spots to invest.
It's really important for people to learn to just start. No matter how small, little bits add up over time. Even if you're in debt, you can likely spare $5 or $10 each paycheck. And then each time you get a raise, direct a portion of it toward savings, even if you're still in debt. Even Dave Ramsey teaches that the first thing you should do before attacking your debt is building a $1,000 emergency fund. Just make minimum payments until you've done that. But I'd say even once you start going after the debt, keep putting small amounts into building the savings. Even $10/check is $260/year.
Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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