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Chinese Lending | Who is Better Off? Chinese Economy or U.S Economy

Posted by Jim on Oct 7th, 2012 · 0 Comment

In case you haven’t noticed, the U.S. Economy has been quite heavily dependent on the People’s Republic of China’s purchase of U.S. Treasury bonds to finance the interest on our federal budget deficit. If the Chinese ever stopped buying those bonds, the U.S. economy would suffer a huge blow. But, then again, so would the Chinese economy and every financial system on the planet, many of which...
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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.

Chinese Lending | Who is Better Off? Chinese Economy or U.S Economy

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