Not quite how the saying goes – “Best defense is a good offense” – why does one strategy have to replace the other? As argued in Maximizing Value and Earn More, Spend Less – you need both components to be most effective.
Keeping with the analogy, think of the top team in your favorite sport. What do they have that sets them apart from the rest? Most likely, it’s strong offensive AND defensive players.
Earlier today I was reading another book review over at Free From Broke, and was thinking of the similarities drawn between the book’s focus – leadership, and our focus here – personal finance. Much to the same regard, I wanted to highlight excerpts from Dr. Petroski’s article and apply them to personal finance. I’ve gone ahead and highlighted key points in bold.