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The Financial Preppers List Of ‘Must Have’s’

Posted by Jim on Mar 4th, 2014 · 6 Comments

The Financial Preppers List, preparing for a disaster, doomsday preppers

In the event of a natural disaster (Hurricane Katrina) or man-made disaster (an epic financial collapse), there’s bound to be high anxiety coupled with mass chaos. If you’re not a prepper, that’s understandable, I get it, you don’t want your family and friends to think you’ve lost your marbles and entered a state of perpetual paranoia. But, if you’re like me...
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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 Financial Preppers List Of ‘Must Have’s’

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Critical Financials’ Basic Personal Finance Rules

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