Smart Thinking On Investing – September 16
Smart Thinking On Investing – September 16
Map Out Your Future—Financial Planning Like A Pro
- If you’re planning with a significant other, lay out clear job roles for each of you to achieve success with your financial goals
- Set out your expectations, prioritize what’s important to you, and rank your personal goals
- You don’t need the latest analytical software to review your financial situation, but it’s important to be brutally honest with yourself
Money Saving Hacks You’ll Kick Yourself For Not Thinking Of Before
- Make yourself wait for any major purchases, if you can live without it a few days you may change your mind about it altogether
- Water is your friend—to both your body and your budget
- Quit buying your coffee; you’ll be amazed by how much you save
- Track your spending and try to eat more home-cooked meals, it’s much cheaper than eating out
- And consider dating only after Valentine’s Day and before Christmas…
Strategize Your Way to $1 Million
- While most people believe that millionaires’ wealth is largely inheritance; in fact over 80% is earned through work, investing, and businesses
- Their investing strategies are predominantly buy-and-hold; a long-term approach
- Your mindset is key to building wealth, without the right motivation you won’t achieve your goal
- Once your head is in the game be frugal, confident, responsible, and stand your ground rather than follow the crowd
Do you have any other key strategies for investing? Share in the comments section below
Start Investing Early; Step Off The Sidelines
- A lot of millennial investing paralysis comes from not knowing where to begin, but now there’s a wealth of online information available to start your financial education
- It’s difficult to start investing while in debt, true, but a little will go a long way, tighten your budget to control your spending and begin investing the extra instead
- To overcome your mistrust of money managers, look for fiduciary standard financial advisors over the fee-only types who don’t have your best interests at heart
4 Purchases You Should Put On Credit Cards
- Grocery shopping: As well as reaping rewards from grocery stores it’s a relatively low amount—if you’re strict about budgeting—to pay off monthly
- Fuel expenses: As well as being safer—you’re protected from fraudulent claims—you also benefit from any available points schemes again
- Travel costs: Rewards for every time you purchase travel insurance and rent vehicles as well as coverage for zero-fraud liability makes this a no-brainer
- Electronic goods: Tap into extended warranties and buyer protection
Do you want to start investing on your own, but don’t know how?
Anything you would like to discuss about Smart Thinking On Investing? Do you have any articles you would like me to cover? Feel free to add it below. Let’s start a discussion in the comments section!
Do you like Smart Thinking On Investing? Feel free to share it with your friends.
DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article. Andrew Stotz doesn’t necessarily endorse any stocks or shares mentioned in the articles or the author of such articles linked to and summarized in Smart Thinking On Investing and cannot guarantee the accuracy of its information.