Yahoo Finance had an article about Madison DuPaix, author of My Dollar Plan blog. For those not familiar with Madison, she is a Wisconsin resident that retired at the age of 29. Her plan was simple, save and take advantage of what was available to make frugal decisions. She’s the perfect example of what an aggressive saving plan can provide (she saved half of her take-home pay, maxing out her retirement accounts in the process).
Early financial decisions drastically affect what happens to your finances later in life. If you get into debt early, you spend a lot of time getting out of debt later. If you save money early, you reap the rewards instead. Those financial decisions in your 20’s and 30’s decide if you are making credit card and car loan payments or watching your money grow through interest and stock growth in your 40’s.
Posted under Investing, Spending
Written by Matt on October 31, 2008
Glad you liked the interview. Thanks for highlighting it!
It’s stories like yours that I find absolutely inspiring. If everyone could put more thought into how to handle their money early in life it would make a huge difference on life later. I certainly wish I would have done it!
Maybe someday we’ll get some personal finance instruction in the schools. Just imagine how much better off the country would be if everyone wasn’t wallowing in debt.
Love the advice on your blog, highly recommend everyone adds My Dollar Plan to their bookmarks. Always some good stuff over there!