Invest_How to be a billionaire?

The wise man saves for the future but the foolish man spends whatever he gets.

 -Proverbs 21:20

You can have money forever. How? By investing. It really doesn't matter how much people earn. What matters is how much they invest. It may be small but you have it. You can invest in three money machines:

Business: traditional, franchise, networking, etc.
Property: rental property, buy and sell, etc.
Paper: bonds, mutual funds, stock market, etc.

If you want to be rich, you need to sow in time of famine.
When you have very little money, that's the time to invest.
The seeds that you sow in time of famine will also give you your greatest harvest.

Sow in times of famine.
Don't wait for better times before you invest.
Don't wait when you have excess money.
Invest now while your money is small.
Because your greatest ally is time.

Disregard the lows, the crisis, the recessions.
Just keep investing when others are panicking.
Sow in times of famine!
The key is discipline.

Action steps:
Invest 30 percent of your income, live on the 70 percent.
Why 30 percent?
First, invest 10 percent in the Kingdom of GOD. Tithing is your greatest investment.
Second, invest 20 percent into your retirement fund.

Invest first before spending.
When you receive your salary, set aside your 30 percent right away.

Choose between mutual funds or stock market.
In mutual funds, you pay a company to manage your funds.
If you invest in the stock market directly, you manage it yourself.

Article source: Book, How to Prosper by: Bo Sanchez

Stock Market Resources

If you want some personal guidance on investing in stocks, join the private group of Bo Sanchez called TrulyRichClub. Each month, he will email you a Stocks Update, written in plain English (no financial jargon) to tell you how to grow your stock investments. He will tell you what stocks to buy, when to buy them and when to sell. The TrulyRichClub long-term goal is 20 percent growth or more every year.

To join click the link below:

TrulyRichClub

Don't wait for better times before you invest.
The best time to invest is when your money is small.

-Bo Sanchez TrulyRichClub