The Nuts and Bolts of Investing for Beginners
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.
There is an attitude toward money that is common. People who have never accumulated a lot of money aren't aware of this.... keep reading
There is an attitude toward money that is common. People who have never accumulated a lot of money aren't aware of this.... keep reading
For every major step in your life, except marriage, you need an exit strategy. Very few people have one for the major aspects of their lives, including investing. They are at great risk needlessly.... keep reading
I keep returning to this theme, decade after decade.... keep reading
If you can bring yourself not to make this mistake, you will increase the likelihood that you will not die poor.... keep reading
You are the target of hypesters. Be prepared.... keep reading
You can buy things at Walmart with coins. You cannot anything at Walmart With bitcoins.... keep reading
For the first time in years, he checked his bank statement.... keep reading
I have followed a similar path. It has worked.... keep reading
He discusses his advantage as a trader.... keep reading
His job is his calling. This helps.... keep reading
That's what the forums are for.... keep reading
