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The Property Rental Market | While Foreclosures Increase So Do Rents

Posted by Jim on Aug 14th, 2012 · 0 Comment

Whenever an economy slows, there are some winners among the many losers. As anyone with familiarity of the current state of the U.S. economy knows, the housing market has been a major reason behind the sluggish nature of the nation’s finances in recent years. That was the result of millions of people getting loans to buy homes that they could not afford, which led to homes being foreclosed 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.

The Property Rental Market | While Foreclosures Increase So Do Rents

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