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Showing posts with label Invest. Show all posts
Showing posts with label Invest. Show all posts

February 25, 2012

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:

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

November 16, 2009

Reasons to Invest Money

Do you have reasons to invest?  View video to know.

Reasons to Invest Money -- powered by eHow.com

You need to educate yourself about money. You have three thing you can do with your money. First you can spend your money, spending is usually your first option in managing your money. Second is save your money, this one is hard when your running out of debt. How you can save when your overdraft at all. Lastly is Invest your money. For many of us investment is out of our plan in using our money. This must be taken into consideration when using your money. Investing your money creates more money, you're letting your money work for you.
Investment is our vehicle to reach our goals in life.  Investment have high rates of return compared to savings. So, educate yourself use your money wisely.
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