The ABCs of Personal Finance

If you know you need $1500/month for your basic living expenses, have that much money direct deposited into your checking account directly from your paycheck. The average American pays $14,000 in taxes every year – enough money to become a millionaire over the course of their lifetime. For example, you can withdraw money early from your 401k account to pay for qualified educational expenses, medical expenses, and to make the downpayment on your first house.

Source: outlookzen.com