Investing in the stock market (I prefer to call it investing in value companies) can be a long and slow process, so don’t make these early and avoidable mistakes. It’s a great thing to start investing and the only time you shouldn’t do it is tomorrow. Get started today with these pitfalls in mind.
The best time to budget was probably last week. Just like running isn’t just for those who are super fit, budgets aren’t just for those who have enough money. So, how can track and manage your money when you don’t have enough?
I’m certain you already know what I mean when I say, “Time is money.” You know that your time is valuable, but is it really a commodity like money? Is it actually anything like the coins and bills in your pocket?
When you look at your money, you really think you have only two options; pay off debt, or save for retirement. But are these the only options you have? Or could you do BOTH?
If there truly was a way to time the markets, nobody would sell it.
There would be no need.
They’d keep it to themselves, and make their money quietly without alerting too much attention to their methods.
Did you know that your ability to create and maintain wealth could have been restricted by limiting financial beliefs? You might be under the spell of a harmful belief which could be restricting your ability to build wealth and get free from debt.
They say you can pick your friends, but you’re stuck with your family. But are you stuck living the same life they’re living? I mean, if they all jumped off a bridge, would you?
Having debt is like going swimming with a gigantic stone around your neck. You might be the best swimmer in the world, but you’re not going to go far. It is possible to live a life that is debt-free. Get rid of that dead weight and start living a life that is free and easy.
Success is not something we’re born with, but rather a simple set of behaviours that define our actions and hence results. If you can manage your willpower, you too can achieve the great successes had by the most profitable real estate investors.
Why do people handle someone else’s money better than their own finances? People at work have a responsibility to someone else, so they make better decisions about it. What if you handled your finances with the same professionalism as a CFO who takes care of his/her business? Hold yourself accountable for your money and you’ll be wiser with your choices.
Act like a CFO and take control of your money.