We_PNP can_VM0 build_VVI cross_AJ0 generational_AJ0 wealth_NN1 one_CRD step_NN1 at_PRP a_AT0 time_NN1 ._SENT In_PRP 2011_CRD ,_PUN I_PNP published_VVD The_AT0 New_AJ0 York_NP0 Times_NN2 best-selling_AJ0 financial_AJ0 literacy_NN1 book_NN1 ,_PUN The_AT0 Wealth_NN1 Cure_NN1 ._SENT Today_AV0 ,_PUN ten_CRD years_NN2 later_AV0 ,_PUN it_PNP seems_VVZ that_CJT questions_NN2 around_PRP financial_AJ0 literacy_NN1 are_VBB on_PRP everyone_PNI 's_POS mind_NN1 ._SENT As_CJS we_PNP emerge_VVB from_PRP the_AT0 global_AJ0 pandemic_AJ0 ,_PUN there_EX0 are_VBB so_AV0 many_DT0 questions_NN2 about_PRP financial_AJ0 foundation_NN1 building_NN1 and_CJC how_AVQ financial_AJ0 behaviors_NN2 should_VM0 change_VVI as_CJS we_PNP move_VVB forward_AV0 ._SENT Here_AV0 are_VBB my_DPS recommendations_NN2 of_PRF what_DTQ to_TO0 begin_VVI focusing_VVG on_AVP for_PRP building_VVG a_AT0 solid_AJ0 financial_AJ0 foundation_NN1 :_PUN 
EMERGENCY_NN1 FUND_NN1 
The_AT0 global_AJ0 pandemic_AJ0 demonstrated_VVD how_AVQ vital_AJ0 it_PNP is_VBZ to_TO0 build_VVI savings_NN2 that_CJT will_VM0 not_XX0 be_VBI touched_VVN unless_CJS it_PNP is_VBZ absolutely_AV0 necessary_AJ0 ._SENT I_PNP call_VVB this_DT0 your_DPS emergency_NN1 fund_NN1 ._SENT This_DT0 fund_NN1 should_VM0 have_VHI enough_DT0 money_NN1 to_TO0 cover_VVI at_PRP least_AV0 6_CRD months_NN2 of_PRF living_AJ0 expenses_NN2 which_DTQ is_VBZ calculated_VVN by_PRP adding_VVG all_DT0 of_PRF your_DPS expenses_NN2 for_PRP one_CRD month_NN1 and_CJC then_AV0 multiplying_VVG that_DT0 amount_NN1 by_PRP 6._CRD Should_VM0 you_PNP need_VVI to_TO0 draw_VVI from_PRP this_DT0 savings_NN2 for_PRP an_AT0 unforeseen_AJ0 emergency_NN1 ,_PUN remember_VVB to_TO0 replenish_VVI your_DPS fund_NN1 ._SENT Another_DT0 tip_NN1 :_PUN Use_VVB a_AT0 portion_NN1 of_PRF income_NN1 to_TO0 pay_VVI down_AVP debt_NN1 with_PRP the_AT0 highest_AJS interest_NN1 rate_NN1 first_ORD so_AV0 that_CJT the_AT0 debt_NN1 will_VM0 eventually_AV0 be_VBI paid_VVN off_AVP in_PRP a_AT0 more_AV0 timely_AJ0 and_CJC efficient_AJ0 manner_NN1 ._SENT 
SMART_AJ0 MONEY_NN1 vs._PRP DUMB_AJ0 MONEY_NN1 
All_DT0 money_NN1 is_VBZ not_XX0 equal_AJ0 ._SENT Most_AV0 everyone_PNI has_VHZ been_VBN taught_VVN (_PUL wrongly_AV0 )_PUR that_CJT ,_PUN "_PUQ a_AT0 dollar_NN1 is_VBZ a_AT0 dollar_NN1 ._SENT "_PUQ But_CJC that_DT0 is_VBZ not_XX0 true_AJ0 ._SENT There_EX0 are_VBB "_PUQ smart_AJ0 dollars_NN2 "_PUQ and_CJC "_PUQ dumb_AJ0 dollars_NN2 "_PUQ and_CJC knowing_VVG how_AVQ to_TO0 differentiate_VVI between_PRP the_AT0 two_CRD is_VBZ a_AT0 valuable_AJ0 tool_NN1 in_PRP building_VVG a_AT0 sound_AJ0 financial_AJ0 foundation_NN1 for_PRP your_DPS life_NN1 ._SENT "_PUQ Smart_AJ0 money_NN1 "_PUQ has_VHZ equal_AJ0 or_CJC greater_AJC value_NN1 the_AT0 next_ORD morning_NN1 than_CJS when_CJS you_PNP went_VVD to_TO0 sleep_VVI ._SENT For_PRP instance_NN1 ,_PUN using_VVG your_DPS pool_NN1 of_PRF money_NN1 to_TO0 buy_VVI $_NN0 150_CRD worth_NN1 of_PRF shares_NN2 of_PRF Nike_NP0 stock_NN1 rather_AV0 than_CJS using_VVG that_CJT same_DT0 amount_NN1 to_TO0 buy_VVI actual_AJ0 Nike_NP0 sneakers_NN2 is_VBZ an_AT0 example_NN1 of_PRF "_PUQ smart_AJ0 money_NN1 "_PUQ ;_PUN Nike_NP0 stock_NN1 pays_VVZ a_AT0 dividend_NN1 while_CJS you_PNP sleep_VVB (_PUL smart_AJ0 $_NN0 $_NN0 )_PUR versus_PRP Nike_NP0 footwear_NN1 that_CJT depreciates_VVZ instantly_AV0 as_CJS soon_AV0 as_CJS you_PNP wear_VVB them_PNP (_PUL dumb_AJ0 $_NN0 $_NN0 )_PUR ._SENT The_AT0 goal_NN1 is_VBZ to_TO0 save_VVI and_CJC invest_VVI as_PRP many_DT0 smart_AJ0 dollars_NN2 as_PRP possible_AJ0 and_CJC to_TO0 spend_VVI as_PRP few_DT0 dumb_AJ0 ones_NN2 as_CJS you_PNP can_VM0 ._SENT You_PNP have_VHB a_AT0 relationship_NN1 to_PRP money_NN1 ;_PUN and_CJC just_AV0 like_PRP a_AT0 personal_AJ0 relationship_NN1 ,_PUN the_AT0 smart_AJ0 and_CJC disciplined_AJ0 choices_NN2 you_PNP make_VVB will_VM0 determine_VVI how_AVQ healthy_AJ0 that_DT0 relationship_NN1 is_VBZ ._SENT 
DOLLAR_NN1 COST_NN1 AVERAGE_NN1 
Whether_CJS you_PNP are_VBB talking_VVG about_PRP regular_AJ0 savings_NN2 or_CJC investing_VVG ,_PUN my_DPS favorite_AJ0 recommendation_NN1 is_VBZ Dollar_NN1 Cost_NN1 Averaging_NN1 (_PUL DCA_NP0 )_PUR ._SENT When_CJS you_PNP DCA_NN1 ,_PUN you_PNP are_VBB setting_VVG aside_AV0 a_AT0 regular_AJ0 amount_NN1 of_PRF funds_NN2 to_TO0 invest_VVI in_PRP a_AT0 mutual_AJ0 fund_NN1 ,_PUN ETF_NN1 ,_PUN stock_NN1 ,_PUN or_CJC even_AV0 a_AT0 simple_AJ0 savings_NN2 account_NN1 ._SENT I_PNP always_AV0 say_VVB that_CJT saving_VVG and_CJC investing_VVG a_AT0 regular_AJ0 amount_NN1 either_AV0 every_AT0 day_NN1 ,_PUN every_AT0 week_NN1 or_CJC every_AT0 month_NN1 is_VBZ a_AT0 great_AJ0 way_NN1 to_TO0 approach_VVI building_VVG a_AT0 solid_AJ0 financial_AJ0 foundation_NN1 over_PRP time_NN1 ._SENT By_PRP dividing_VVG the_AT0 total_AJ0 amount_NN1 to_TO0 be_VBI invested_VVN across_PRP regular_AJ0 investment_NN1 /_PUN savings_NN2 installments_NN2 ,_PUN you_PNP reduce_VVB the_AT0 impact_NN1 of_PRF volatility_NN1 on_PRP the_AT0 overall_AJ0 investment_NN1 ._SENT In_PRP other_AJ0 words_NN2 ,_PUN you_PNP 'll_VM0 end_VVI up_AVP buying_VVG more_AV0 on_PRP the_AT0 dip_NN1 and_CJC less_AV0 when_CJS it_PNP rises_VVZ ,_PUN and_CJC your_DPS overall_AJ0 portfolio_NN1 will_VM0 win_VVI ._SENT For_PRP instance_NN1 ,_PUN if_CJS the_AT0 value_NN1 of_PRF what_DTQ you_PNP 're_VBB investing_VVG in_AVP goes_VVZ down_AVP ,_PUN when_CJS you_PNP DCA_NN1 ,_PUN you_PNP end_VVB up_AVP with_PRP more_DT0 of_PRF it_PNP and_CJC if_CJS the_AT0 value_NN1 goes_VVZ up_AVP then_AV0 your_DPS overall_AJ0 portfolio_NN1 value_NN1 rises_VVZ ._SENT 
Implementing_VVG the_AT0 recommendations_NN2 above_AV0 are_VBB just_AV0 the_AT0 beginning_NN1 ._SENT There_EX0 are_VBB many_DT0 topics_NN2 we_PNP must_VM0 explore_VVI such_DT0 as_AV0 :_PUN needs_VVZ vs_PRP wants_NN2 ;_PUN eliminating_VVG costly_AJ0 debt_NN1 ;_PUN improving_VVG credit_NN1 ratings_NN2 and_CJC credit_NN1 score_NN1 ._SENT In_PRP The_AT0 Wealth_NN1 Cure_NN1 I_PNP write_VVB ,_PUN "_PUQ You_PNP cannot_VVB be_VBI free_AJ0 if_CJS the_AT0 cost_NN1 of_PRF being_VBG you_PNP is_VBZ too_AV0 high_AJ0 ._SENT "_PUQ 
You_PNP must_VM0 reduce_VVI the_AT0 cost_NN1 of_PRF being_VBG by_PRP changing_VVG your_DPS relationship_NN1 to_PRP money_NN1 ;_PUN thus_AV0 ,_PUN create_VVB cross-generational_AJ0 wealth_NN1 transfer_NN1 and_CJC financial_AJ0 sovereignty_NN1 ._SENT You_PNP deserve_VVB a_AT0 wonderful_AJ0 life_NN1 —_PUN so_AV0 make_VVB choices_NN2 with_PRP money_NN1 that_DT0 honor_NN1 how_AVQ smart_AJ0 and_CJC magnificent_AJ0 you_PNP already_AV0 are_VBB !_SENT 
