Plan for major life events from "summary" of The Automatic Millionaire Workbook by David Bach
Planning for major life events is a crucial part of achieving financial success. These events can include things like buying a house, getting married, having children, or retiring. By thinking ahead and creating a plan for how you will manage these events financially, you can set yourself up for long-term success.
One key aspect of planning for major life events is setting specific financial goals. This means determining how much money you will need for each event and creating a plan to save and invest accordingly. For example, if you want to buy a house in five years, you will need to calculate how much money you will need for a down payment and closing costs, and then figure out how much you need to save each month to reach that goal.
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