Originally Posted by Hoover
This is all great advice.
Here is some additional stuff to think about.
1. Pay down your debt. Its amazing how much power you have over your finances and life when you don't have debt. My wife and I built a house in 2010 and its the only debt we have. We should have it paid for in 10 years.
YES. Control your debt, OR YOUR DEBT WILL CONTROL YOUR ENTIRE LIFE!!
I see it indirectly in my profession -- lives ruined, marriages ruined, families wrecked -- over an inability to control debt. It's mind-boggling.
And RULE NUMBER 1 -- NEVER CHARGE ANYTHING IF YOU CAN'T PAY THE BALANCE AT THE END OF THE MONTH. There are very, VERY few exceptions to that rule. For God's sake, don't pay 10+% on debt. Seriously.