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     8 years ago 

    Could you elaborate which points you would disagree with here?

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       8 years ago 

      Yes :) So first of all, just to make this clear, I think if you give a list that is listed as limitative you should make sure no steps can be added, and none can be removed.

      Therefore this list is either too long or too short.

      Keep in mind I'm being pretty critical here, so take my comment here with a grain of salt.

      Comment per item:

      1. This assumes you have debt, but some people don't so it's weird step
      2. Okay you can identify that, that is fine.
      3. This is vague, what is enough, how do you determine? See this is where the list would need to be longer.
      4. Okay so now we are back to spending again, weird order, this should be before 3.
      5. Cutting back, shouldn't that be included in the previous one?
      6. Again, what if I have no debt?
      7. How big a buffer, and why?
      8. What is the difference between a buffer and emergency savings, how much, and why would I need both?
      9. Totally agree, but what am I investing? My buffer, my savings?
      10. That would be a good idea :)

      If you follow my weekly videos you will learn much more about why some of these steps are counterproductive, not necessary, and that something is missing :)

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