According to Dr. Oz, the number one aging factor is stress. Ironically, the number one stressor most all of us face is money. It's also the number one cause for divorce. Money is something we all need to survive, a source of fun and pleasure, but on the other side, the love of money is also known as the root of all evil. How can we avoid the stress that money inevitably brings and ultimately reduce the stress in our lives to slow the process of aging? This is no suprise to my regular readers but I think Dave Ramsey has it right. His program is designed to help anyone get out of debt and build wealth.
The Baby Steps
1. $1,000 to start an Emergency Fund
2. Pay off all debt using the Debt Snowball
3. 3 to 6 months of expenses in savings
4. Invest 15% of household income into Roth IRAs and pre-tax retirement
5. College funding for children
6. Pay off home early
7. Build wealth and give!
Invest in mutual funds and real estate
Lastly, here's a great 3 minute video I would encourage everyone to watch. It's all about checking your math and disproving a very popular myth.
Check your Math Video
This is something I'm very passionate about: living stress free and planning for the future both physically and financially. I think in the long-run if you do these things you'll live longer and happier. It's all about shifting from filling short-term pleasures to obtaining long-term peace.
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