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When Inflation Rises It’s Time To LEAP Into This Investment

Posted by Jim on Mar 4th, 2013 · 5 Comments

If you are like me and get nervous at the thought that interest rates are at the lowest point we have ever witnessed, your concern is valid. Well, unfortunately this will continue for the foreseeable future. This is the way the federal government props up the economy. Typically when interest rates are artificially low, stocks go up, debt is easier to service, and people get lost in a true haze...
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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.

When Inflation Rises It’s Time To LEAP Into This Investment

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