Now let’s blog a bit today about understanding investment risk. Have you ever invested in the stock market on a hot tip, only to escape with just your burnt fingers? Not to worry, it happens to a lot of people. But that can be prevented by taking the proper precautions
Today I wanted to write about the importance of starting to invest immediately. When you begin saving / investing at an early age, you have a lot of time on your side. Compound interest and / or investment growth can put a lot of money into your retirement pocket. Investing
Ok bloggers, check this chart out. Let’s assume you don’t begin to invest early. Note the following chart to see what would happen if you spent all your money from age 22 to age 27 and then decided that you should be investing $2,000 per year. The result is astonishing!
You may be reading this blog at a very young age, but you’ll get old very quickly, trust me. Someday all of us want to relax and not have to focus on earning money every hour of every day. The best way to prepare for that time in our lives
The secret to becoming wealthy is steady plodding; putting away a few dollars at a time, consistently, week after week for the rest of your life. Adjusting your lifestyle to do this is not only important, but also absolutely necessary. To start saving for the future, you also have to
Savings and investments are necessary for you to take full responsibility for your future. You provide for your future by accumulating enough wealth to take care of your needs independent of any other person or entity. You accumulate wealth by investing. You invest by first saving dollars for that purpose.
There are a number of ways that derail the best of intentions. Many find themselves on track with their savings and investments and well on their way to financial independence, then something happens. It might be something as simple as your “wants” getting in front of your “needs.” One of
From No Money to $29,570,476.09! Let’s say that you have a 12-year-old child. Let’s say that you make a one-time investment into a S&P 500 mutual fund of $1,000 at his/her current age. An S&P 500 index fund is a group of stocks considered to be generally representative of the
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