There will always be someone who believes the opposite of what you are doing is the right way to go. For example, for every person who thinks that you should save a small emergency fund and then reduce debt, there is a person who believes that all money should be thrown at debt and a credit card should be used in case of an emergency. And for everyone who believes that, there is another person who believes that a true 3-6 month emergency fund should be saved before any serious debt reduction is attempted at all. And this is just one example of all the varied choices one has to make when considering their financial future.
The truth is - there isn’t one specific right way for any of the financial choices we all have to make. There are ways that will over the long term cost you less financially if all goes according to plan. There are ways that are safer, and ways that are riskier. There are ways that are more immediately motivating and ways that take a personality that can delay gratification. In fact there are so many “right” ways to do things, it is a wonder that there’s even a wrong way.
But there is. There is a wrong way. And the wrong way is - to not attempt at all.
What’s your opinion on this topic? Tell us about it in the comments.
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