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Core Inflation | The Invisible Tax Obtained Through Profuse Money Printing

Posted by Jim on Oct 13th, 2012 · 0 Comment

In a presidential campaign year, you hear the word “taxes” bandied about quite a bit. Everyone has a strong interest in Mitt Romney’s taxes, others are concerned by changes to the tax structure, and still others are resolved to vote only for candidates who make a “no new taxes pledge” and stand by their promise. There’s one tax that almost never makes the headlines, but it is as damaging...
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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.

Core Inflation | The Invisible Tax Obtained Through Profuse Money Printing

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Critical Financials’ Basic Personal Finance Rules

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