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Ammunition: The New American Currency

Posted by Jim on Jan 29th, 2013 · 4 Comments

I was in the airport today, on my way to Omaha, Nebraska, when I heard a guy behind me, while talking to his friend say “ammo is the new currency”. I thought that was an interesting take on the subject of currency, so I figured I would write this real quick on my flight. It is important to remember that currency is nothing more than a fungible means of regulating the marketplace. Currency...
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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.

Ammunition: The New American Currency

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