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Once The Smoke Clears, Will Marijuana Become The Lifeblood Of The California Economy?

Posted by Jim on Feb 21st, 2013 · 11 Comments

California’s economy of high taxes and utterly high spending, may be causing businesses and citizens to move east (often times to Texas) but its liberal view of the medical marijuana industry is encouraging economic growth. It’s interesting to know that cannabis is believed to be California’s number one agricultural crop representing a $14 Billion industry. How is it that so...
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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.

Once The Smoke Clears, Will Marijuana Become The Lifeblood Of The California Economy?

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