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Collectibles Market | Long Term Investment Strategy Or To High Risk?

Posted by Jim on Aug 5th, 2012 · 0 Comment

Perhaps it’s the popularity of television shows such as “Pawn Stars,” but more and more people are viewing collecting as an easy, fun and lucrative way to invest. “Pawn Stars” chronicles the ups and downs of a family that owns a large shop in Las Vegas. People who bought an old gun at a flea market for $10 routinely walk into the store and demand 20 times their purchase price to sell. 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.

Collectibles Market | Long Term Investment Strategy Or To High Risk?

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