Avoid consumer debt

Do you want to own a house? Save money. Do you want to own a car? Save money. Do you want to attend college? Save money. Do you want a big screen TV? Save money. If you do not have the cash on hand to comfortably afford a house, a car, a tuition, or a big screen TV, then you have not earned it.

A debt is the opposite of an asset: instead of putting money in your pocket every month, debt takes it out. The way to get ahead is to work hard and earn things before you buy them; no matter how tempting, never the opposite.