One advantage of being wealthy is that you can spend some of your money on the adventure and fun things you want to do. I believe you can do this, too, as you are building your wealth. None of us knows how long we will live, and part of wealth building is creating life experiences [...]
Archive | May, 2009
Money Habit #21 – Make Your Investments Automatic
Here is where you can create a habit that will serve you well for your whole investment lifetime: Withdraw money from your savings/spending accounts periodically and invest that money to build wealth. Again, you can set up a withdrawal from your paycheck to go right into your 401 (k) at work or your own IRA [...]
Money Habit #20 – Know Your Personal Tolerance for Taking Risk
Some of you are risk takers — you can sleep at night knowing your stocks might go down as well as up. Others would be very unhappy, perhaps lose sleep, if your investment dropped more than 10%. This is the whole reason to have an investment policy that takes into account how much risk you [...]