Download Get Rich Slow: Build a Firm Financial Foundation-- A Dollar by Tama McAleese PDF

By Tama McAleese

ISBN-10: 1564147061

ISBN-13: 9781564147066

This e-book will help you faucet into the strong but basic wealth-building instruments the wealthy use to construct and develop their fortunes. even if you are attempting to prevent the typical errors such a lot traders make, purchase your subsequent condominium, stomp out bank card debt, locate the appropriate mutual cash to speculate in, or realize easy methods to "cover you resources" with the proper sorts of assurance. it is going to provide the monetary wisdom and knowledge you want to make the proper offerings. you are going to study debatable own finance truths, akin to why retirement plans like 401(k)s is probably not your top guess, why your place may be your worst funding, why a few no-load mutual cash can expense you extra, and why your assured pension will not be so assured. a few humans inherit their wealth. the remainder of us haven't any selection yet to earn it so get wealthy your self, one buck at a time.

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Extra info for Get Rich Slow: Build a Firm Financial Foundation-- A Dollar at a Time

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It will be a daily reminder of the promises your family has made. Review your plan at least once a month. Hold an occasional family meeting to praise those who have made an effort to keep the budget in check and to find weak spots on which to improve. Make each member of the family responsible for some part of the plan’s success. If your teenager, for example, has reduced the number of telephone calls to a long-distance friend, recognize her sacrifice and offer praise. Make up your mind to stick to the plan.

Prudent consumers continue to invest because they have to and so they can outpace inflation. pmd 34 1/16/2004, 3:51 PM Remember the Golden Rules 35 Want guarantees? If you buried your money in the backyard because you were afraid to invest it, 12 years and 6-percent annual inflation later would guarantee a loss of 50 percent of its original value. Let’s look at the effect of inflation on savings. Assume you have $10,000 working at 3 percent interest with a 6-percent inflation factor working against you.

Increased penalties for over-the-limit purchases until your balance falls under the maximum credit limit. 8. Transaction, cash advance, or transfer fees on convenience checks. 9. Balance transfer restrictions on number of transfers or the amounts allowed. 10. Rising interest rates on variable-rate cards. 11. No grace period before your payment is due. 12. Vanishing bargains and changing terms when credit card companies are sold. 13. Penalty fees for transferring balances greater than your maximum credit limit.

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