3 rules for building any kind of net worth:
1. LIVE BELOW YOUR MEANS
2. LIVE BELOW YOUR MEANS
3. LIVE BELOW YOUR MEANS
Do you have three months worth of savings?
L.A. Times
2013/01/31 16:00:00
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Nearly 44 percent of American households are one emergency away from financial ruin. That means they don't have enough savings to cover basic living expenses for three months if something unforeseen happens such as losing a job or falling sick, according to a recent study by the Corporation for Enterprise Development.
Almost a third of Americans have no savings account at all. "These families have had to prioritize today's expenses over tomorrow's goals," said Andrea Levere, the group's president.

Almost a third of Americans have no savings account at all. "These families have had to prioritize today's expenses over tomorrow's goals," said Andrea Levere, the group's president.

Read More: http://www.latimes.com/business/money/la-fi-mo-sav...
Top Opinion
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Erin 2013/01/31 20:05:36Yes



















Oh, wait. No.
I sleep worse than usually because of the fear... but I could not sleep at all if I didn´t have at least one year savings. Actually, if I didn´t have it, I would emigrate wherever to find a job and earn a living.