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How to Pay for Medical Care Without Going Broke

Posted by Flanice Lewis on Oct 24th, 2019 · 0 Comment

If you’ve ever spent the night at a hospital, you have learned that our health care system is costly. There are separate charges for doctors and services that quickly add up to astronomical values. If you haven’t had to deal with the financial pains of illness, here is how you pay for medical care without going broke. Insurance Insurance can save you thousands, or hundreds of thousands,...
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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.

How to Pay for Medical Care Without Going Broke

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