An old friend of mine is in a dire financial condition. The last time I spoke to him, which was a few weeks ago, he couldn’t pay his rent.
Over the past several decades, he’s made terrible decision after terrible decision. It’s not that he’s made bad investments; it’s that he’s made no investments. He’s literally spent every dime he’s ever made.
It’s hard to find a worse example of how you should live your financial life.
People who are financially successful are often no smarter, luckier, or more skillful than the rest of the population. What it usually comes down to is making disciplined decisions.
Here are three quick but practical steps to making better financial decisions.
This post originally appeared at Wealthy Retirement.