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The Nuts and Bolts of Investing for Beginners

Gary North

The discipline of regular investing is more important that the actual investments. This discipline has disappeared in the United States. In 2005, personal net saving went negative. This continued in 2006.

The discipline of thrift reflects a mind-set: future-orientation. This is the crucial component for building long-term wealth, both individual and national.

The easier that you can make your personal investing program, the better. It is the regularity of the process, month by month, that adds up. I am big on monthly withdrawal programs. Have your employer deduct money every paycheck. Put it anywhere, even a passbook savings account. You can allocate the money to various investments later. Never forget: "If you ain't got it, you can't invest it."

I am also a partisan of tithing 10% of your gross income to your local church. I have written a book on this. Read it here: Tithing and the Church.

Sunk Costs and Bad Investments
Gary North - October 28, 2015
One bad decision doesn't deserve another. keep reading

Forums: Ask Before You Act
Gary North - October 28, 2015
A site member made a minor mistake. After he made it, he sought advice on a forum. My advice: ask first. keep reading

Can This Man Afford to Retire in 5 Years?
Gary North - September 14, 2015
Are you in his condition? keep reading

The Monthly Update You Will Never See on a Mainstream Financial Media Site
Gary North - August 29, 2015
This would take a spreadsheet. But nobody is going to run this article. There's a reason for this. It would not be in their self-interest. keep reading

Do You Need a Foreign Bank Account? Where?
Gary North - August 27, 2015
I will help you answer this question. keep reading

What to Do With a Lot of Unexpected Money
Gary North - August 12, 2015
Buy low. Don't sell high. keep reading

The Logic of Foreign Currency Investing
Gary North - June 06, 2015
You have to know what you are trying to accomplish. Newbies don't know. keep reading

Gold and Copper Prices Have Moved Together
Gary North - April 30, 2015
This is counter-intuitive: economic recovery, falling metals prices. keep reading

The Two Biggest Errors of Bad Investors
Gary North - April 15, 2015
I see this over and over. keep reading

The Widow's Finances
Gary North - March 18, 2015
Most widows don't think about this early enough. keep reading

Here Is the #1 Rule of Investing
Gary North - March 17, 2015
You don't want to hear this. keep reading

When $350 Million Is Not Enough to Live On
Gary North - March 13, 2015
This twenty-something super-rich schnook is addicted. keep reading

How to Begin a Lifetime Savings Plan
Gary North - March 12, 2015
Here is a list. Fill it in. keep reading

Top Priority: Your Children's Education vs. Your Portfolio
Gary North - March 11, 2015
Does your child's education really matter that much to you? How would you prove this to a stranger? keep reading

Video: Stages of Investing
Gary North - December 04, 2014
These stages are not well understood. The sooner someone understands them, the sooner he can begin to plan. keep reading

Preparing to Get Fired: The Painful Exercise
Gary North - September 15, 2014
Most people will never go through this exercise until they are forced to by a pink slip. Go through it now. keep reading

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