October 2016 - Critical Financial

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7 Great Ideas to Start Generating Passive Income Today

Posted by Will Lipovsky on Oct 24th, 2016 · 0 Comment

generating passive income, passive income ideas, passive income tips

Passive Income is money received from a venture on some sort of routine basis, with little effort required to maintain the cash flowing in. Passive income is not money for nothing, however. Most types of passive income take some degree of effort to establish. However, once you’ve successfully launched a passive income stream, it is relatively easy to maintain it, and the additional funds could dramatically...
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7 Steps to Eating Healthier and Becoming Wealthier

Posted by Will Lipovsky on Oct 10th, 2016 · 0 Comment

eating healthier tips, getting wealthier tips, eat healthy and be wealthy

Do you know why most lifestyle changes don’t work? It’s because there’s a sudden change in lifestyle. It’s a shock to your system. Instead of abruptly adopting healthy habits, let it be a gradual change. This way worked best for me. Today, about 6 months after I started my transformation, I don’t even want junk food. Seriously, if you offered me a lifetime supply of chocolate cake, I’d...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

7 Great Ideas to Start Generating Passive Income Today

7 Steps to Eating Healthier and Becoming Wealthier

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