The 10-20-30-40 Rule: Staying Out Of Financial Trouble

Everywhere you look these days you will see homes being foreclosed, people filing bankruptcy and an increasing number of folks on government assistance. It never used to be this way - before the 1970's when liberal thought began taking hold on America, people were more involved in their efforts to use their resources wisely. They would use something that is disappearing today - a household BUDGET. And they would go without rather than place their families in financial jeopardy.

Today, however, we live in a society that is all about DIG debt. I call it DIG debt for two reasons - it is an acronym for "Debt for Instant Gratification". It seems everyone wants everything now, and "I'll pay for it later." Maybe. The other reason it is called DIG debt is because it effectively digs a hole for the consumer to fall into that he may not be able to extract himself from.

To protect your family and have the best shot at remaining financially solvent, I suggest everyone follow the 10-20-30-40 rule. It's simple, and it works. Of every dollar you earn, the very first 10% goes into savings - pay yourself first. That will become your "anchor" and safety margin. Then 20% of every dollar should pay all consumer debt - car loans, credit cards etc. If you are paying more than 20% of your income to consumer debt, you need to reduce it now. You can learn how to do this easily by visiting this page that provides a simple and very effective consumer debt plan presented by IntelliBiz. (There is a LOT of free stuff at intellibiz.com, like the stuff on this page). And don't forget their free eBook on success - Success - By Design, downloaded over 4,000,000 times.

The next 30% should cover all other expenses, including food, clothing, medical, entertainment etc. If spending more than that, it is time to start tracking, day-to-day, where the money is going, and make cuts accordingly.For example, if lunches at work are costing you $7 per day, consider brown-bagging it. Or cut out the Starbucks.

The remaining 40% is for shelter. This includes more than rent or mortgage payments - it includes any and all maintenance, insurance and property taxes.

By adhering to the 10-20-30-40 rule, not only will you be more likely to be financially solvent, but you will find your wealth is growing. That 10% you save? Once it grows to a sufficient amount, invest it for a return. Let it grow. And the peace of mind that comes with stability is priceless!

If you have found value in this, please pass this post around to everyone you know and care about. They will thank you for it. 

Bill Vaughn



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The Racist Liberals Are At It Again

People like Al Sharpton and Jesse Jackson make their livings on racial issues and social unrest, so they make it a point to stoke the fires of racism at every opportunity. That, in my book, makes them the most racist people in America. Worse than that, they profit from it.

But there are others, under the guise of authority, who also push the buttons of racism, but in a more subtle manner - which makes them even more dangerous. People like Attorney General Eric Holder.

Holder prosecuted 4 race cases where the victims were black, but refused to prosecute a case where the victims were white. And today he is giving a speech before the NAACP using racism - in a subtle way - to inflame people protesting the Zimmerman verdict.

One of the worst points in American history was slavery, and how black Americans were treated from Day One until recently. Yes, racism was a problem , but recently it has become a minor issue. I can say that because only 12% of America is black, but more than half of all Americans voted for Obama - TWICE!

And I contend that the ONLY reason racism still exists at all in America is because the racist haters like Sharpton and Jackson keep stoking the flames. They keep it alive. They make sure no one forgets, or forgives. They make certain that the low information American believes racism is a major issue when in fact it is not.

And until those low information Americans - mostly liberals and blacks - get wise to the fact that the Sharptons of the world are preying on them, and the Democrats are keeping them in a state of dependence, then nothing will change.

It's time they wised up. That is, if they REALLY want to end racism in America.

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Some Say It's About The Proliferation Of Guns, But Is It?

There are over 300 million guns in Anerica, yet  only .00033%  of guns were used in homicides in the U.S. in 2010. So guns may not be the real problem.

Here is a quote from the new book "CONTROL" by Glenn Beck (who actually did painstaking research on the issue):

"Five thousand years of recorded history. Five hundred years of gunpowder combat. One hundred fifty years of repeating firearms. Yet, despite it all, no one can find a single case, anywhere in the world, where a juvenile committed a multiple homicide in a school prior to 1975. Common sense tells us that maybe this isn't about the gun after all."

No, it's not about guns. It's about liberals who want more control over the masses, and want to make sure we cannot resist.

As to the "why" of recent incidents involving children with guns in school, perhaps we should look at Glenn's quote once more. 5000 years and yet the first school shooting by a juvenile did not occur until 1975. Does that ring a bell?

It seems that these incidents began shortly after America took a sharp left turn in the 1960's. Hippies, drugs, but most notably the (then liberal) United States Supreme Court made two decisions that virtually guaranteed our society would decline - Roe vs Wade and kicking God out of schools and public view.

Every child since then has grown up in a culture where there is no sanctity of life - it was only luck that his  or her mother allowed him or her to be born. And without public support of religion and religious ethics, those same children have no moral anchor. And hardly a day has gone by since those decisions when our children are not faced with public debate on abortion, making it even more likely that some of those children will place no value on human life.

And when a child places no value on human life, and fears no God, it's only a matter of time...

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