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Re: advice needed

Posted by Rick Harmon on July 22, 2003 at 8:28 AM

In Reply to: advice needed posted by njdave on July 22, 2003 at 4:38 AM

: Ward, I always learn something from your board. Thanks for your continued diligence.

: Any advice to young folks on how best to avoid foreclosure? One suggestion has been that a young family qualify for an acquisition loan relying upon one salary (in a two income household); avoid giving a second mortgage; and avoid irresponsible spending. Any pearls?

Dave:

I always seem to enjoy your postings. I belong to a Men's Fellowship Group that often tackles life's issues and problems, and money problems number two (behind you-know-what). One of our senior members, in his mid-seventies, has done well in the financial arena. Any newer members of this little group who complain of money woes are encouraged to "go have coffee with Ed."

After what's probably an hour of chit-chat, Ed goes in for the kill asking the newby to write down these magic words:
"Spend less than you make!"

Hope this helps

Rick


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