Smart Thinking On Investing – September 9
Smart Thinking On Investing – September 9
Discover Yourself Before Choosing a Career
- Consider your strengths, values, and happiness before deciding on a career direction you’ll regret
- Choosing a job that optimizes your talents is more fulfilling than choosing one for just a good salary
- We’re only here for a short time so make it enjoyable; do what makes you happy
- Engage in topics that spark your interest and ask yourself what you want from a job
Want to Retire Early? Here’s What it Takes…
- Investing in income-producing assets such as stocks and bonds will benefit you more in returns than just saving money in a bank account for your future nest egg
- If you’re looking to invest in real estate it’s all about location; choosing your address wisely could save you considerably by avoiding certain expensive housing markets
- There are two approaches to retiring early; either choose to invest and save to build wealth or decide early on that you have very little need for a lot of money
It’s All About the Side Hustle
- Living on $2000 a month is difficult but not impossible, you just need to approach it with a firm budget and strict self-control
- Look into any opportunities to make money on the side; income from these side hustles will give you the extra to play with to help you stick to your budget
- If your rent is your most expensive outgoing, consider sub-letting out to a roommate to help with the costs
Have you discovered any lucrative side hustles? Share them in the comments section below
No Love Lost When Breaking Up With Debt
- Author Melanie Lockert draws the rather apt metaphor likening debt to a lover; a rather negative and draining one at that
- Many can empathize with the feeling of helplessness, exasperation, and frustration Lokert writes of in this abusive relationship we have with our debt and finances
- By acknowledging her lack of financial know-how Lockert was able to make inroads into breaking up with her debt
- Take heart and see the same light at the end of the tunnel for your own debt
Get Over The ‘I Can’t’ Mindset And Into The ‘I Can’
- Just as important as considering ‘where’ to invest, is the question, ‘how much’ should I invest?
- Collective agreement by financial advisors is to begin with at least 10% of your income
- Set small workable goals for saving rather than trying to go financially cold-turkey straight away
- Move money on payday and retrain yourself to stop ‘seeing’ this amount to put it automatically towards savings each month
Do you want to start investing on your own, but don’t know how?
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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.