Wednesday, January 18, 2012

Incredible Money Saving Tips You Can Use & Invest The Difference

The most common marketing ploy for term insurance tells us to buy term insurance rather than cash value insurance and invest the difference. If that’s such sound advice, why don’t we apply the wisdom more often? For example:  

    • Buy folding chairs, not a couch, and invest the difference.
    • Buy a push mower, not a power mower, and invest the difference. 
    • Buy a bicycle, not a car, invest the difference. 
    • Buy a shovel, not a snow blower, invest the difference. 
    • Buy a pet, don’t have kids, invest the difference.
    • Buy scissors, cut your own hair, invest the difference. 
    • Buy just aspirin, not your prescriptions, invest the difference. 
    • Stay at home, don’t take the spouse out, invest the difference. 
    • Move back in with your parents, sell your house, invest the difference. 
    • Visit the mall, instead of taking a vacation, invest the difference.

It seems this philosophy works with everything! Simply extract value, and invest the difference. 

Dave Ramsey seems to think Buy Term and Invest the Difference is a brilliant financial move for all American households.  Here's how Bank on Yourself compares to Dave Ramsey's recommended strategy.  What do you think?

If you'd like to hear Dave Ramsey and Suze Orman discuss their strategies, watch the humorous video below.

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