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Japan’s Lost Decade | 6 Lessons Learned That May Help The US Economy

Posted by Jim on Sep 19th, 2012 · 0 Comment

Japan's Lost Decade, U.S. economy, lesson learned

Decades ago, Japan’s economy was the envy of the world, ranking first in GNP per capita in the late 1980s. Then, this Asian tiger was brought to its knees for the next decade for a variety of reasons, its economy slowed to a crawl primarily due to the twin “Ds” of debt and deflation, never to regain its previous stature. Many economists are wondering if the United States is in the midst of a...
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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.

Japan’s Lost Decade | 6 Lessons Learned That May Help The US Economy

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