Monday, February 4, 2013

Thoughts on Investing

 Thoughts on Investing from Andrew Nyquist

            Five commandments of getting your financial house in order
  • Live within your means.
  • Understand your monthly cash flow. Find out how much you have after paying for the essentials. And no, designer jeans are not essentials… especially if you are trying to get ahead.
  • Save as much as you can; pay off debt and fill your savings/investing accounts. Be thrifty now, so you can rock the threads and wheels you want later.
  • Track your progress, and push yourself. If you want to become a big-time investor, then understand this: You need money to invest.  And the more money you accumulate, the more you’ll make when you hit your stride.
  • Be diligent, set goals, and believe in yourself.  Remember that your household is like a business and that you are your business’s most valuable asset. It's time to appreciate that asset.

No comments:

Post a Comment