Start Small and Your Wealth Will Get BiggerLet's start with the savings end of the equation. If you're spending equal or more than your income each month (and most people are), then you need to slowly decrease your spending. It's easier than it seems—just start small. Each month, choose one way in which you will decrease your spending. For instance, if you go out to eat once a week, see if you can cut that down to just once or twice a month. Are you saving a whole lot? No. But you ARE saving, and that's what's important. It's also important that you don't spend more in another area of your life to “make up” or reward yourself for spending less in your chosen area. If you consistently spend less each month, you will eventually begin to make headway. This wealth creating habit will help you develop your wealth slowly but constantly. [More] | How To Beat The Mutual Fund Companies At Their Own GameBottom line is, use a well performing mutual fund during strong up trends and get over to the sidelines during trend reversals. (That's exactly what I did for my clients in October, 2001, and we retained the lion's share of their profits while Buy & Holders kept insisting the emperor was wearing new clothes.) Pretty soon you will feel that you are in charge of your financial destiny and any chosen mutual fund is merely a tool to bring you closer to your goals of maximizing your gain and minimizing your losses. [More] | To Help Ease The Difficulty Associated With Making Your Initial Investment Decisions, Professional Help Is AvailableFinance and investment decisions have to be made at some point, but most of us avoid this aspect of our personal lives until it reaches a crucial point. While there are many reasons for this, the main one is that it's hard to decide what you want to do with your money. There are so many considerations to factor in and so many problems that can arise if the wrong decisions are made that most of us would rather not make them. [More] |
Can You Really Quit Work and Live off Investments
Most people think living comfortably without working is out of their reach. However, with the right investments and financial choices you can quit work..
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Festival of Stocks #2
Welcome to the second Festival of Stocks. The Festival of Stocks is a weekly blog carnival dedicated to highlighting the best recent posts on stock market related topics.
I am proud to present this week's best entries to the Festival of Stocks. The articles are listed by categ.
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