| WealthInfoPlus "Helping People Achieve Their Financial Dreams" |
WealthInfoPlus provides Tips on Creating Wealth, Ideas for Money Management
and Financial Planning, and Tips for Saving Money. Included are great ideas for
saving money on gasoline, on groceries, and saving on other household
necessities. WealthInfoPlus has been created with three premises in mind:
and Financial Planning, and Tips for Saving Money. Included are great ideas for
saving money on gasoline, on groceries, and saving on other household
necessities. WealthInfoPlus has been created with three premises in mind:
- Most people want to accumulate wealth during their lifetimes.
- Many people who make large amounts of money do not end up with large amounts
of money. - Many people who do not make large amounts of money end up with large amounts
of money.
WEALTH ACCUMULATION STARTS
WITH SAVING MONEY: It is difficult to
accumulate wealth unless a person
learns to save money. Most young
people feel they do not make enough to
be able to save money, but most often
that is an excuse for feeding their
spending habits. If a person makes only
$200 a week, that person could, with self
discipline, save $20. Making $300 a
week should result in savings of $30.
The general rule is to save 10% of what
you make.
WITH SAVING MONEY: It is difficult to
accumulate wealth unless a person
learns to save money. Most young
people feel they do not make enough to
be able to save money, but most often
that is an excuse for feeding their
spending habits. If a person makes only
$200 a week, that person could, with self
discipline, save $20. Making $300 a
week should result in savings of $30.
The general rule is to save 10% of what
you make.
Wealth Accumulation Rules for Saving Money:
- Pay yourself first. This is the number one rule! It may be difficult at first but
you will find the small amount you save will not be missed after the first
month or so. This is a great way to get in the habit of saving. Pay yourself
first, not last - Pay yourself automatically. Simply have a certain amount of your check
deposited into a financial account every month....MORE.
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- Copyright WealthInfoPlus
- Contact: wealthInfo@wealthinfoplus.com
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DID YOU KNOW?
Example of buying a new or
used car:
Buy a 2007 Honda Civic. After
5 years, it will have cost you
approximately $29,000. On
the other hand, if you had
bought a 2008 model it would
cost you approximately $5,000
more!
AND...DID YOU KNOW?
The Census projects that by
2010, total credit card debt in
the U.S. will top $1 trillion.