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At 11:36 AM 11/28/97 -0800, John wrote:
> ....
> 1. stop borrowing (renting) money
> 2. build an emergency fund so that unforseen reversals don't put
>you back into borrowing
> 3. insure against true disasters (not against annoyances)
> 4. build savings for long-term goals
> 5. invest the savings to grow the capital needed to meet the goals
>
> .... Having
>suffered a catastrophic fire, I'm really aware that, except for the
>insurance policy on the house, my wife and I would have been financially
>ruined. So I don't reject the concept of insuring those risks that are
>bigger than I want to deal with.
> ....
** Thank you, John; the whole thing is much appreciated. The best summary
I've seen.
David.
** http://www.geocities.com/Athens/Delphi/3142/
David MacClement <davd@geocities.com>
http://www.geocities.com/RainForest/6783/
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