The great thing about rules to live by, is that they can help turn complicated decisions into easy ones. How much life insurance do you need? What portion of your long term saving should be set aside for emergencies? Is there a way to predict the amount of money you will spend during your retirement? Knowing the answers to questions like these could take hours upon hours of research and you may not get it right. Financial rules to live by, can be a helpful shortcut that sometimes can be just what you need. Other times, however, those little rules are a little too simple or just no longer apply.
If you’ve been fortunate enough to save up some money during the pandemic, how should you use it?
While no two financial pictures are exactly the same, healthy portfolios do have similarities. Follow these seven rules to grow your wealth effectively...
Bottom Line - Take time to study articles online, read a book, attend a local class,
MONEY - Get It, Grow It, Keep It!