Basic Financial Maxims I Want My Kids to Know

“There is No Free Lunch.”—Milton Friedman…There’s no free income either….The essentials of life are cheap. Only the luxuries are expensive….A bad product is always a bad deal. Don’t buy a car or appliance with a poor service record. Don’t buy a house with a cracked foundation….A good product can be a bad deal if the price is wrong. How do you know a good price? Shop around and be willing to walk away from any “deal.”

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