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Impulse Buys | Ok, If You Gain Fulfillment From Them

Posted by Jim on Oct 29th, 2013 · 5 Comments

Impulse Buys, shopping, impulse shopping

Impulse purchases – you just never see them coming. The impulse to buy can strike when you least expect it: being frazzled at your job, can lead to the urge of treating yourself to some new clothes after work; you’re bored at home and decide to just “browse” your favorite online stores; even when you’re out shopping with a grocery list, it’s hard not to give into the impulse of buying...
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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.

Impulse Buys | Ok, If You Gain Fulfillment From Them

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