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COVID-19 Relief Resources For Small Business Owners

Posted by Joe Wallace on Jun 4th, 2020 · 0 Comment

Are you a small business owner who was affected by coronavirus lockdown requirements? The Small Business Administration was suddenly thrust into the limelight during the earliest weeks of the COVID-19 pandemic in America and much has been made of the Paycheck Protection Program (PPP) and other measures drafted as part of the economic stimulus effort to shore up the U.S. economy. But PPP isn’t the...
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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.

COVID-19 Relief Resources For Small Business Owners

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Critical Financials’ Basic Personal Finance Rules

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