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Create A Second Income Or Business To Fund Your Health Insurance Premium

Posted by James Hendrickson on Dec 19th, 2013 · 7 Comments

Back in September of 2012, the Kaiser Foundation reported that the average employer sponsored health insurance premium was $15,475 for a family of four. That’s an average of nearly $1,300 per month, or roughly the size of a modest house payment. Private plans are at least that high. And that was before we got healthcare reform! Then Obamacare was rolled out back in October, promising to provide...
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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.

Create A Second Income Or Business To Fund Your Health Insurance Premium

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Critical Financials’ Basic Personal Finance Rules

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