What ever you do in the investing world, make sure you do not speculate. If so, take only about 3 to 5 percent of your annual income and have a speculation account or what Benjamin Graham may call it a Mad Money Account. No matter the situation never cross or mingle the two.
The reason(s) I highly say don’t speculate because you are gambling your riches away. Don’t let us forget that Stock Market is already volatile and it’s important to know which investments are sound based on your judgement. Always invest in what you know and not in what CNN or every other Broker tells you.
If you are Dollar Cost Averaging, which is putting a certain amount away in the Stock Market every week, bi-weekly, or monthly no matter how the market is playing out, don’t speculate. If you must speculate, only involve what you are able to and nothing more.
Remember these keys 🔑 when it comes to investing that was written by Benjamin Graham himself:
– Speculating becomes mortally dangerous the moment you begin to take it seriously.
– You must put strict limits on what you are willing to wager.
If you start all your dollar bills, you will never have any on the bench. In order to grow your wealth you need what I call that Side Line Paper. It’s beneficial to have some paper stacked up on the side. Without that cushion you will always be in need and stressing over the fact your Paper low. Without that extra cushion which is labeled “Stash Money”, you will do anything for it like give away all of your time.
We only have one life in us. Don’t waste your time chasing money. You should do what you love and be proud of what you are doing. By having savings and sacrificing to put up, you are actually helping the future you escape the mentality of working for money. Learning how to make your money work for you through bonds, stocks, businesses, and savings is the key to Financial Greatness. That Side Line Paper is key to prospering and living a life you always imagined.
Many times while I read those who invest frequently they forget the hardships of the lower class. The struggle we are going through as a whole. They forget that most of us have to many priorities to just leave our hard earned cash in the Stock Market. We have kids, bills, minimum wage jobs, and too much BS to even lend a penny over. That’s why I am writing this article on 1 Stock at a Time.
True enough most of us struggle harder than the next, but it’s vital we still put our money to work. We have to find those cracks through our financial hardships to invest in the Stock Market, if you don’t invest or own a business your financial future will not look so bright. Though may still live comfortably, you will always give your time for little to nothing dollar signs.
Learn how to change your mental process when it comes to invest. Every time you get paid buy 1 Stock from a Company you believe will be around for 20 plus years. If you do this continuously and diverse your wealth you will have ownership and appreciation from the works of the Stock Market. That will not only help your finacial future but open many other doors/venues when it comes to investing and companies and building your net-work.
Money will never save you, you are the only person that can. Anybody on this planet could make a decent amount of money. No matter if it is 15,000 to 80,000 and up a year. It’s very imperative you know how to control the flow of you hard earned dollars.
Through managing your finances and staying true to frugal lifestyle you could potentially make your money work hard for you and change your living circumstances. This does require hard work and a strong mind frame to accomplish.
Don’t let you be the reason you aren’t up financially in the next 3, 5, 10, and even 30 years from now. Break the generational trait of being broke. It’s time to require the knowledge it takes to have infinite wealth. Learn the Stock Market today! Don’t be hesitate to ask me any question.
Stay blessed and stack it up.