Charlie Munger Said You Must Save $100K To Build Wealth: 10 Tips To Do So [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
Read Next: Charlie Munger: Why 95% of Investors Have No Chance of Beating the S&P 500 Index Trending Now: 5 Unusual Ways To Make Extra Money (That Actually Work) “I don't care what you have to do,” he said. “If it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000.” While that may sound like a lot of money to save up, it is feasible with some solid strategies. Here is advice from experts on the best ways to save that amount of money , so you can take it to the next level through investing 1. Manage Your Cash Flow First, it's crucial to embrace budgeting and cash flow management according to John F. Pace, CPA and tax partner with Pace & Associates, CPA s. “[In] my work with a Forbes 400 families' financial planning…[we] meticulously tracked financial inflows and outflows, identifying areas where expenses could be minimized,” said Pace. “For your savings goal, use this approach by creating a detaile
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