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Raising The Minimum Wage | Critical Effects On Businesses

Posted by Jim on Feb 14th, 2013 · 2 Comments

In case you missed the State of The Union Address on Tuesday, like I intentionally did, you may have missed the mention of raising the Federal Minimum Wage to $9.00 per hour. It got me to thinking, that there would be a great impact on businesses that are often over-looked by our friends in Washington. Now, as we know many of them have never run so much as a lemonade stand, so they look at the...
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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.

Raising The Minimum Wage | Critical Effects On Businesses

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