Use Your Windfalls Wisely
There are probably a few times in your life when you are gonna get a financial windfall; really large bonus at work, inheritance, insurance settlement, proceeds from a real estate sale. I'm talking 1000's of dollars not 100's.
So when this happens, what are you gonna do with it?
1) Buy a new pickup, some jet-skis, new wardrobe, take a cruise, platinum-plated golf clubs.
2) Pay down your highest-interest outstanding loan, pay down your mortgage, invest it in your retirement account, invest in a rental property?
Number 2's are gonna achieve their financial freedom a lot sooner than number 1's (if the 1's ever actually achieve it). You have to make the choice of immediate gratification now or long-term financial stability.
If/when you get a windfall, splurge and go to Chipotle and get a burrito, chips, salsa...heck you can even splurge on guacamole and a soda. Then invest/save the rest.