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Money Habit #19 – Study Investing and Know What You’re Doing

Donald Trump, billionaire and financial educator, says,

"The best way to invest without excess risk is to be prepared.  Learn about investments and never invest in something that you don’t  understand. "

I agree. 

While you can get advice from financial professionals, no one cares more about your money than you do. 

Read financial magazines and the business section of your newspaper.  Learn the language of the investment world.  Take investment classes at your local community college.  Work with a financial adviser who wants to teach you, as well as  invest your money. 

Knowledge does not take out all the risk  of investing, but it helps you know better what and when to buy, and perhaps more importantly, when to sell an investment.

Habit #20 – Risk Tolerance

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