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Plan for major expenses like buying a home or starting a family from "summary" of I Will Teach You To Be Rich by Janny Patri
When we think about major life events like buying a home or starting a family, it's easy to get caught up in the excitement and forget about the financial implications. But if we want to make these dreams a reality, we need to start planning ahead. One of the first steps in planning for major expenses is setting specific financial goals. This means thinking about how much money we'll need, when we'll need it, and how we'll save for it. By breaking down our goals into smaller, actionable steps, we can make them more achievable. Next, we need to create a budget that aligns with our goals. This involves looking at our current spending habits and finding areas where we can cut back in order to save more money. By making small change...
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