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Smart Passive Income | Go Nuts For REIT’s

Posted by Jim on Dec 18th, 2012 · 0 Comment

Many people do not know what the letters “REIT” stand for, but Real Estate Investment Trusts can be a hidden treasure in the financial world. They enable investors without huge loads of capital to enter into the often-highly profitable world of commercial real estate. Another definition of an REIT is “real estate stock,” which is accurate because anyone can buy shares in a publicly traded...
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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.

Smart Passive Income | Go Nuts For REIT’s

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Critical Financials’ Basic Personal Finance Rules

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