Readers,
I’ve been thinking seriously about what I can do to better build wealth – and I thought I’d put it out there.
What’s been the #1 driver of your wealth?
Stocks? Real estate? Saving? 401(k)? Beanie Babies?
Leave a comment below.
MANAGE YOUR MONEY TOGETHER
Here are some simple guidelines for DINKS to build wealth:
1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.
2) Understand and respect your partner. Take time to understand your partners values about money.
3) Watch the numbers. Get a budget, monitor your spending and track your net worth.
4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.
5) Invest in stock. Stocks perform better than bonds or cash.
6) Avoid high interest debt. Credit cards and title loans are financial cancer.
7) Diversify. Don't put all your eggs in one basket.
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Real estate!!
Totally – I used to have a TON of real estate. Thats been a classic wealth builder!