Page 5 - SixMistakesSuccessfulWomenMake22
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After building a wall of protection, I want to:
Build liquidity for emergencies and opportunities (cash is king when everyone
else is broke).
Protect my principal (Warren Buffett has two rules: Rule #1: Don’t lose money,
Rule #2: Read rule #1).
Retain my gains: if I make a profit, I am not giving it back.
Create as many pension checks as possible to guarantee an income for life that
will cover all my needs and most, or all, of my wants.
Create a beautiful legacy without depriving myself of one single dollar.
Now, if all this seems like a tall order, it is not. What’s more, I don’t need Wall
Street to accomplish my goals. When you have a personal economic philosophy,
you seldom stray into territory that undermines this. Ok, now it’s your turn to
develop your personal economic philosophy.