HERE ARE SOME SIMPLE GUIDELINES THAT WILL HELP YOU BUILD WEALTH:
PAY OFF HIGH INTEREST DEBT: DON’T CARRY A BALANCE ON YOUR CREDIT CARDS
TAKE WHAT UNCLE SAM GIVES YOU: MAXIMIZE YOUR CONTRIBUTIONS TO TAX ADVANTAGED RETIREMENT ACCOUNTS
DON’T PROCRASTINATE: WEALTH TAKES TIME TO ACCUMULATE, SO DON’T WAIT
SAVE, INVEST AND REINVEST: LET COMPOUNDING WORK FOR YOU. SAVE YOUR MONEY, THEN INVEST AND REINVEST IT
SAVE AND INVEST AT LEAST 5 TO 10%: PUT ASIDE AT LEAST A MINIMUM SO YOU’RE STUCK WHEN YOU’RE AT RETIREMENT AGE
HAVE AN EMERGENCY FUND: IF YOU CAN’T SAVE 6 MONTHS OF EXPENSES, GET AT LEAST $1,000 SAVED UP
OWN: OWNING ASSETS IS GENERALLY TO YOUR ADVANTAGE. GET AS MANY AS YOU REASONABLY CAN
IF YOU ARE MARRIED, BUILD YOUR PARTNERSHIP: HAVING A STRONG MARRIAGE CAN BE AN EXCELLENT ACCELERATOR. WORK ON YOUR MARRIAGE AND CARE FOR YOUR SPOUSE.
