Answers to
Practical Questions
What is the single most important thing I need to do to start to become a successful investor?
Everyone knows that, in real estate, the most important things are:
Location
Location
Location
With respect to investing your money, the most important things are:
Spend less than you make
Spend less than you make
Spend less than you make
The money you target to set aside for long-term investing should be considered an obligatory payment, like rent or a mortgage. Only this payment is to yourself!
If you don’t have any money, or only very little money to invest now, then you need to learn to spend less than you make. If you don’t have any money to invest, you will never be an investor.
Quotes Worth Reading
"Too many people spend money they earned..to buy things they don’t want..to impress people that they don’t like." – Will Rogers
"Wealth consists not in having great possessions, but in having few wants." – Epictetus
"Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery." – Charles Dickens
"Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this. " – Dave Ramsey
"It is not the man who has too little, but the man who craves more, that is poor." – Epictetus
"Try to save something while your salary is small; it’s impossible to save after you begin to earn more." – Jack Benny
I can hear you screaming – “But I don’t have any money at the end of the month!”
Do you want to learn how you can earn some money each week, so that you can eventually become a successful investor?
Do you want to learn how you can save some money each week, so that you can eventually become a successful investor?
