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Why Premiums Are Likely to Get MUCH Higher Under Obamacare

Posted by James Hendrickson on Nov 22nd, 2013 · 4 Comments

We’ve been hearing a lot lately about how health insurance premiums are likely to get much higher under Obamacare for the young and healthy. But here’s my take: premiums are likely to get much higher for all consumers, regardless of age or health status. Do I have inside knowledge? Nope. Strong political leanings? Nope. It’s just a matter of pure logic – consider the following: Adding 50 million...
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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.

Why Premiums Are Likely to Get MUCH Higher Under Obamacare

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