Discipline > Margin of saving money > time

  • Deferred gratification
  • Avoid debt
  1. 60% of Americans cannot come up with $1000 for an emergency
  2. 47% of Americans carry a credit card balance
  3. New cars lose 50% of their value in the first four years
  4. Save 20-25% of gross monthly income (10% is not enough now)
  5. Only 25% or Americans work in their field of study

References