"When your values are clear
your financial decisions
Some Smart Habits That Can Create a Big Change In Your Wealth
What you do every day matters. Just as mastering your money can come down to establishing a few smart habits, all it takes is a few costly ones to derail your finances.
CNBC asked financial advisors to share the worst money habits they see people develop, and what to do instead to make 2017 a more prosperous year.
Here are the habits they advise you to break.
We were eating at McDonald's and she said to me: There are three types of people. There are those like you who come eat here, those who work here for minimum wage and those who own this place
David Bach started learning about money early.
The self-made millionaire and author of “The Automatic Millionaire” told the personal finance site Grow that as a kid his family “talked about investing all the time.”
However, one of the most impactful money lessons he learned was imparted over a meal at McDonald’s with his grandmother when he was only 7 years old.
Why Buying a Home is an "escalator to wealth"
While opponents of homeownership claim it’s “the American nightmare,” self-made millionaire David Bach is doubling down on his faith in real estate.
He thinks that not prioritizing homeownership is “the single biggest mistake millennials are making.”
Buying A Home Is A Better Investment
But experts are split on whether it’s really a worthwhile investment anymore.
How To Set Up Your Emergency Fund
According to troubling research from the Federal Reserve, nearly half of Americans wouldn’t have enough money on hand to cover a $400 emergency.
“No matter how well you plan or how positively you think, there are always things out of your control that can go wrong,” David Bach writes in his bestseller “The Automatic Millionaire,” which is being re-released this December.