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Will Groupon Exist through 2015?

Posted by Will Lipovsky on Jan 14th, 2015 · 0 Comment

I recently talked with someone who just quit Groupon. He was in sales. He said he needed to get out before the place folds. Why would it fold? He said the business plan is unsustainable. He could get a company to agree to use Groupon once – but that’s it. When he tries to get a business to do the Groupon cycle again, they refuse. That’s because people looking for cheap facials and...
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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.

Will Groupon Exist through 2015?

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Critical Financials’ Basic Personal Finance Rules

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