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A Bigger Threat?

Posted by Jim on Mar 26th, 2014 · 2 Comments

Having the worlds most enviable economy, because of the freedoms set forth when James Madison and Co. created the Bill of Rights, there come obligations to the rest of the world and the great citizens of this Nation. One of those obligations is that we will be the humanitarian leader to rest of the world, which I believe we do a good job at. Perhaps, from a cost perspective, too good of a job....
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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.

A Bigger Threat?

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