Are you ready for trouble? I can see it now - your almost out of debt and all the sudden, WHAM!  You just got hit with a broke down car and a baby in the oven..  Well, slow down trigger, if you had made that nest egg and started creating that passive income earlier, you wouldn't be in this mess.

One important factor to becoming independently wealthy is knowing when to stop buying. I don't mean houses, I mean that latte and new Toyota Camry that just come out on the market last week. 

Here's a simple phrase I like to quote from my old buddy Dave Ramsey "Live like no one else, so some day you can live like NO ONE else."  Basically, stop living outside your means and don't upgrade your lifestyle every time your boss accidentally gives you a raise.   Maybe one day you'll be able to live life well without having to make a sacrifice.

Read a interesting article today on just this subject about preparing for the worst, might be a good idea to read this and take notes.  This lady actually seems to know what she's talking about.