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Lessons From Past Recessions

Success

How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? Am I anticipating any major life events with significant expenses attached (like a new baby or retirement)? It’s a good idea to know people outside your primary industry to help you pivot if one sector gets hit particularly hard during a downturn.

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16 Rich Habits

Success

Stay away from accumulating credit card debt. Contribute as much as you can afford to a retirement plan. Wealthy individuals, on the other hand, make themselves invaluable to their employers or customers, writing articles related to their industry, speaking at industry events and networking. Get a mentor.

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44 Ways to Kick-Start Your New Year

Success

I want my financial future to be bright and to have no worries when I’m older and ready to retire. Find a mentor. Ask questions of mentors and peers. Cut up credit cards. I graduated from college, and I needed to start planning out my financial future. Brandy Jules , former SUCCESS staff writer. Attend training.

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16 Timeless Truths of Financial Freedom

Success

When Jim came into my office at age 52 to see about retiring early, I was surprised. I fully expected to inform Jim and Sue they couldn’t retire early only to discover they were multimillionaires. One day, she meets a barista named Henry who becomes her mentor. In the investment industry, this is known as using margin.