Five Tips To Wiser Investing

Written by Doris Dobkins


One ofrepparttar most common requests I receive is for investing help. In this article, I try to present just a few basic investing tips to remember when you plan for your future through investing.

1. Have a plan and know where you are going with your investments. If you don't have a plan, how will you know if you are on track? The process of creating a plan includes determining your current financial situation, how much money you want to save, and by when.

2. Diversify your investments. Create a balanced portfolio to help you stay on track and reach your goals.

3. Beware of get rich quick schemes. If an investment seems too good to be true, it probably is. Usuallyrepparttar 112824 higherrepparttar 112825 estimated return,repparttar 112826 higherrepparttar 112827 risk to you. Stick with time-proven ways to grow your investments.

How To Become A Millionaire In 7 Easy Steps

Written by Dave Cole


Who wants to be a millionaire?

Well if you want that million dollars, perhaps you'll get lucky enough to land a spot on ABC's popular game show bearing that name. Simply giverepparttar right answer to allrepparttar 112823 questions and you'll walk away withrepparttar 112824 million dollar prize.

Or, you could get on a hot streak, pickrepparttar 112825 right 7 numbers and winrepparttar 112826 lottery. But unfortunately your chances of winning are 1 in 22 million.....so we'd better forget that.

But maybe you know about this incredible get rich quick plan where you don't have to do much of anything, simply join up free, then in a year or so, you'll berepparttar 112827 Net's newest millionaire. Well, if that plan has worked for you....please write me ASAP! :-)

But for allrepparttar 112828 rest of us, we need some practical advice on what will really make us our fortune.

Making money is easy. There are mathematical laws that govern how money will work for you over time, reaping greater and greater rewards. These laws are laid out in detail inrepparttar 112829 book, "The Working Life Of A Dollar."

Here's what you need to do:

1. Write down your present monthly income and expenses. Next, see where you might be wasting money on foolish items. Where can you cut expenses and use that money for your future. Plan a monthly budget, and stick to it.

2. Get out of debt. Just as money compounds interest going up, it also drains money out of your pocket when you pay out interest. Only make purchases on your credit cards when you haverepparttar 112830 cash in hand to coverrepparttar 112831 expense. If you have a habit of over spending every month, cut your cards up!

3. Always pay yourself first. A minimum of 10% of your monthly income should be reserved for your future. The more you can pay yourself,repparttar 112832 quicker your financial goals will be met.

4. Give a portion of your earnings to help others less fortunate.

Just asrepparttar 112833 mathematical laws governingrepparttar 112834 compounding of interest are unbreakable, this is a Spiritual law that is unbreakable. You must be willing to freely give before you can rightfully expect something to come back to you.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use