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The Richest Man in Babylon
In good times and bad, consistently saving a percentage of your income is a sound financial practice.
How to Help Protect Against a Financial Emergency
Without even realizing it, most people are familiar with protection-first thinking. If you remember travelling on an airplane in a not too distant past, you would recall this important point in the safety demonstrations “In the event of sudden decompression, secure your own oxygen mask before helping others.”
The Big Picture–Yellen Walks Steady Line
Spoiler alert: interest on excess reserves, forward guidance, and asset buys will remain important.