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No, don't tell your boss to shove it...at least not out loud. But in your head accept that from this day on you're a free agent whose number one workplace priority is your ...
No, don't tell your boss to shove it...at least not out loud. But in your head accept that from this day on you're a free agent whose number one workplace priority is your personal bottom line.
You should be as conscious of spending as you are of saving. Credit should be a rarely used tool for those few times (buying homes and cars) when paying cash is impossible.
Your work life should be a journey up and down hills, rather than a climb up a sheer cliff that ends with a jump into the abyss.
It sounds terrifying, the one intolerable outcome to your financial life. And yet, in truth, dying broke might be your best option for a life without fear: fear of failure and privation now, fear of impoverishment in the long run.
Posted December 10, 1999
I would have given it five stars if the real-estate section were based on reality. 'don't count on your house appreciating more than inflation percentage' turns out to have been dead wrong. But that aside, I'm following his advice right now. Quit your job, literally or metaphorically, become a mercenary. Pay cash. Don't retire. I've believed these axioms for years but Polland is the first to put it in a succintly unique way. Great stuff to be read and re-read. Also read his follow-up 'Live Rich'. It is less robust than Die Broke, but it arms you with tools to cope with 'low overhead' living. Fear reducing is Polland's specialty.
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Posted June 6, 2009
Good for young adults on the way up.
I have already done most of the stuff he reccommends.
Disagree with advice to plan to go on Medicaid, which is a federal welfare program, though.
Worth a read.