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Are You Leaving Money Behind?

Posted by Catherine Alford on Apr 3rd, 2014 · 5 Comments

Leaving Money Behind, unclaimed money, unclaimed property

An MSN article in July 2013, cites over 41.7 billion dollars of unclaimed property, as reported by The National Association of Unclaimed Property.1 Those assets range from basic savings accounts, insurance payments, to abandoned brokerage accounts and other investments. With a population of 317.8 million2, that works out to a rough estimate of $130 for each U.S. citizen. (adsbygoogle = window.adsbygoogle...
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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.

Are You Leaving Money Behind?

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