When I was young My parents taught me the most valuable lesson ever.

This lesson was to save 10% of what ever I earned and put it away for a rainy day, so that I had money to fall back on if things ever got tough. Then when you have enough to spare you can invest that money.

Through out my working life I have keep to this principle. At some points I even aimed to have one pay period left in the bank as a reserve.(this is especially handy when you only get payed once a month)

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