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It Pays To Pimp Pork

Posted by Jim on Jan 6th, 2014 · 15 Comments

Pork, AKA pork barrel spending is a commodity in D.C. which many would consider the means of trade or heck even the implied currency of those who call inside the D.C. Beltway, home. You guessed it, our friends in Washington barter with each other like fraternity brothers bartering over the last shot of courvoisier, only they do it with your money! They are using ‘pork barrel’ spending...
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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.

It Pays To Pimp Pork

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Critical Financials’ Basic Personal Finance Rules

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