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Here’s A Novel Idea, How About D.C. Move Back To Main Street?

Posted by Jim on Apr 15th, 2013 · 16 Comments

I was reading the book Street Smarts by Jim Rogers and he touched on an idea that I thought had fabulous upside and almost no downside. I wanted to explore your thoughts on this revolutionary idea. He simply said that there is no need for our Federal and State Representatives, whom I commonly refer to our friends in Washington, to have to live in the District of Columbia. Technology today can...
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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.

Here’s A Novel Idea, How About D.C. Move Back To Main Street?

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Critical Financials’ Basic Personal Finance Rules

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