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The 1% | What The Media And Occupy Wall Street Don’t Tell You

Posted by Jim on Oct 8th, 2012 · 0 Comment

The 1%, which is the moniker for the uber wealthy whom have allegedly stolen their lot from the 99%, has received extreme criticism in the past couple years. The Occupy Wall Street protests brought this socioeconomic class into mainstream scrutiny. Granted there are some real crooks that fit into this group, but lets not throw the baby out with the bath water. Not until we provide a little food...
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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.

The 1% | What The Media And Occupy Wall Street Don’t Tell You

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Critical Financials’ Basic Personal Finance Rules

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