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Poor Mans Gold | Why The Demand For Silver Will Continue its Rise

Posted by Jim on Oct 25th, 2012 · 2 Comments

Silver has often been called the “poor man’s gold,” but it might be the better investment, according to a wide spectrum of precious metals analysts. Why the change of preference? Here are several reasons why silver is a better-than-ever bet for your investment dollar: Far more affordable than gold The idea that gold is the “sure thing” in times of economic uncertainty is losing credibility....
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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.

Poor Mans Gold | Why The Demand For Silver Will Continue its Rise

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