Dear Money Doctor®, my Financial Advice is:
It’s what you save, not make
My story behind the advice is:
My parents talked about memories of the depression and the need to save for a rainy day. I hope that I won’t ever have to go through a depression. Yes, I had a piggy bank and coin collection growing up where I collected pennies, nickels and dimes from every year that I could find. I’ve learned that a lot of very successful people spend every dime “keeping up with the Jones” and are not in good financial shape for retirement. I’ve seen that many average Americans have built a nice nest egg by saving a little bit out of every pay check.