Smart Thinking On Investing – September 2
Smart Thinking On Investing – September 2
Financial Independence: “YOU HAVE TO REALLY WANT IT”
- Achieving true financial independence requires steadfast drive and motivation, it cannot be reached with a relaxed attitude to the whole affair
- Be passionate and determined; set your financial goals, strategize, and plan out actionable steps to achieve them
- Focus. To become rich concentrate on it—alter your mindset, reduce your expenses, and make sacrifices
Millennials Love Free Markets, But Don’t Understand Them
- Studies show that, somehow, millennials favor both a socialist government and a capital economy—implying they’re not altogether sure of their meanings
- Millennials have grown up as a generation that wants quick results, not normally a concept associated with socialism
- To truly become socialist, millennials would have to forego the latest technology, entrepreneurial gain, and the innovative tools that are now a part of everyday life
No More Excuses; Start Investing Today
- While living with student debt is hard it doesn’t take a huge amount of money to begin investing these days
- NOT ALL financial advisors are untrustworthy, but there are plenty of investing apps and robo-advisors out there now too if you really want to avoid them
- Sure, the only thing certain about the stock market is uncertainty, but higher risk equals higher returns
- No one is expecting you to become an expert investor straight away but as the saying goes, “you gotta be in it to win it”
Ask Yourself: Do I Need It?
- As a society, we enjoy being consumers, buying things gives us pleasure
- But do we actually desire the purchases we make or are we just prey to clever advertising?
- Ask yourself these questions to measure a purchase’s worth; will it offer and unusual experience? Will it inspire me to create something?
- Avoid taking out credit or going into debt for purchases; it is not creating more freedom but taking it away
Lessons Learned From Being Broke
- If used correctly credit cards can work for you rather than against you, plus their points can be an added bonus
- Spend the time to work yourself out of debt, by focusing on it; you can erase it quicker, and it will be completely worth the extra effort
- People get rich because of investing, not saving, and by thinking long-term with their money
- Build an emergency fund but don’t touch it unless truly necessary; having a safety cushion will give you piece of mind
Do you want to start investing on your own, but don’t know how?
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