They don’t realize compounding works both ways. It makes you rich when you’re investing and it makes you poor when you’re spending. I know people don’t want to hear it. When you’re young, you’re invincible.

You’re going to have to work with what’s there in your 401(k). With your IRA, you can get creative. You’re going to fill in the gaps.

If the economy is indeed slowing down, wouldn’t it be nice to have some money set aside?

If your mind is clear as to what you are trying to do, if you can say what you want out of life and make your money move in that direction, you will be happy.

No one has anything to cash out. I think this year people are going to be feeling pretty poor.

The bright side is you’re getting good companies at a fraction of the cost.

You’d be amazed how many people have credit problems.

Access to cash is paramount now. It’s absolutely critical.

Definitely splurge. You’ve earned it.

By selling, you’re making an ethical statement. But don’t cut off your nose to spite your face.

Your federal return usually is going to be the driving force.

The longer you leave it in checking, the more likely it will vanish.

If you have a long-term perspective, you don’t react to every piece of news.

Right now you want to get your feet wet and have a nice diversified portfolio of stocks that is going to be around for a while.

The trick is staying in the game. If you opt out, you lose.

It’s not too exciting, plain vanilla, with good companies, good financial qualities. That gives you a core.

There’s no Plan B. So you’re a little more exposed.

Do you think GE is going to go out of business? Do you think Microsoft is going to go out of business? You have to distinguish between the asset and the price of the asset.

The key is you don’t want to pick something too wacky, like a sector fund, or something too aggressive.

Just let it play out a little.

People make decisions that undermine their goals every day.

I don’t think these abuses will continue.

Make sure you have other cash resources available equivalent to three months living expenses.

Don’t add new money until the company has its compliance under control.

It’s vital you continue contributions to a retirement plan. People stop funding. That’s the No. 1 mistake.

Think about where you want to be in a year or two, then plot out the steps you need to take to get there.

If they make you a deal that’s too good to be true, of course, borrow. If someone is willing to give you money for nothing — take it.