Common traits of ordinary people: wanting to make money but not knowing where to start; wanting to save money but unable to control desires.

Most people can realistically achieve only what’s listed here: cut back on eating out and stay within your means; reduce the number of credit cards you hold and pay the full balance each month rather than the minimum, because compounding interest will eventually swallow you whole; escape unstable income situations by decisively leaving behind any job that doesn’t cover your expenses; prioritize managing your own finances before worrying about your family or pets; and no matter what you earn, keep up a consistent savings habit.

I picked up a trick for managing top-performing employees: give them a Cadillac, but finance it through the company. They only get the monthly payments covered if they consistently maintain leading performance.

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