How many times are people going to let their creepy molesting uncle (Wall St) lure them into a dimly lit closet with the hopes of receiving an Astro Pop? Some continue to fall for it and feed the creeps day in and day out.
The premise of investing is real simple folks, buy low then sell high, but you HAVE to pay attention. Some "professional analysts" said the market would remain stable today in the wake of our first credit downgrading. WRONG!!! I hope most of you placed your holdings in a fixed account last week as discussed here because you saved yourself much loss but more importantly you can make a fortune buying midweek.
No one can predict the future but following these simple guidelines has enabled me to retire at 39 (my original goal was 42) with a paid off home, cars, and zero debt with no help from anyone else. Though it CERTAINLY can be done you'll need to start maxing out in your early 20s, forgo the kids, and most importantly PAY ATTENTION. If you can read and WILL, no "expert" knows more than you. They just know which stock makes more money for them via kickbacks.
While I'm on soapbox choose a dependable partner, commmit to your goals, home, and one another. NEVER obtain a mortgage for over 15 years and pay off same in half the time by making one extra payment toward principal on loan annually. Don't forget to make your credit companies pay you buy only using ones you get cash back from each year (Capital One, Discover). Put everything you normally would be buying on these accounts i.e. groceries, mortgage, utilities, etc and pay off each month. You'll makes thousands off them in long run when you get 3% back or more each year. I figured this out on my own but wish I had someone tell me this when I was younger.
The premise of investing is real simple folks, buy low then sell high, but you HAVE to pay attention. Some "professional analysts" said the market would remain stable today in the wake of our first credit downgrading. WRONG!!! I hope most of you placed your holdings in a fixed account last week as discussed here because you saved yourself much loss but more importantly you can make a fortune buying midweek.
ReplyDeleteNo one can predict the future but following these simple guidelines has enabled me to retire at 39 (my original goal was 42) with a paid off home, cars, and zero debt with no help from anyone else. Though it CERTAINLY can be done you'll need to start maxing out in your early 20s, forgo the kids, and most importantly PAY ATTENTION. If you can read and WILL, no "expert" knows more than you. They just know which stock makes more money for them via kickbacks.
ReplyDeleteWhile I'm on soapbox choose a dependable partner, commmit to your goals, home, and one another. NEVER obtain a mortgage for over 15 years and pay off same in half the time by making one extra payment toward principal on loan annually. Don't forget to make your credit companies pay you buy only using ones you get cash back from each year (Capital One, Discover). Put everything you normally would be buying on these accounts i.e. groceries, mortgage, utilities, etc and pay off each month. You'll makes thousands off them in long run when you get 3% back or more each year. I figured this out on my own but wish I had someone tell me this when I was younger.
ReplyDelete