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Do You Know Your Real Hourly Wage?

Posted by Catherine Alford on Sep 18th, 2013 · 6 Comments

Real Hourly Wage, spend time with family

How much is your time worth? It’s a hard question to answer with a definitive number, so here’s a different way of looking at it: How much money would you pay for an extra hour in your life each day? $20? $50? $100? It probably depends on the day – and how little or how much you’re enjoying your freedom. Even if you can’t answer that question on a personal level, you can take one look at...
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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.

Do You Know Your Real Hourly Wage?

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Critical Financials’ Basic Personal Finance Rules