KLE 32: The 5% Spending Rule

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Way back in KLE3 (What Is Your Your Investment Net Worth?), I gave you our first ‘Rule of the Rich’:

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Task 1: Go back to your NWiQ profile (update if out of date) and see how close to the guidelines you come.

Task 2: If you are currently breaking the Second Rule Of The Rich, think about what steps you might take to bring these Collectibles in line and how long it might take you.

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Name and State (eg John, FL)
What % of your Total Net Worth represents your Car(s) plus your Personal Property?
How do you plan to bring them into line?

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Reader Comments

I own my car 99 Honda accord 120k miles. I do own silver bars. I don’t really have anything other than that. Would you consider silver bars a collector item?