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4 Effective Ways to Collect Money from a Borrower

Posted by Melissa Batai on Feb 8th, 2022 · 0 Comment

When I was a college student, I shared an apartment with two graduate students. We each put one of the utilities in our names, and then we paid our roommates our portion of the utilities in their name. I left for summer break and got the last bill. I asked both roommates to pay me the $100 they each owed me. One paid; the other did not. To a broke college student, $100 is a lot! I drove the one and...
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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.

4 Effective Ways to Collect Money from a Borrower

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