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The Buttonwood Agreement | Framework For The New York Stock Exchange

Posted by Jim on Feb 9th, 2013 · 2 Comments

The Buttonwood Agreement, New York stock exchange

Part of the United States finding its way early in its history was the organization of its financial systems. A key part in that early ordering was the founding of the New York Stock Exchange in 1792, when 24 of New York City’s top merchants met secretly at a hotel to figure out how to regulate the securities business in an attempt to gain control of it from the auctioneers. The concept of a stock...
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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 Buttonwood Agreement | Framework For The New York Stock Exchange

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