Investing
Source-Pexels
3 Ways to Invest in Yourself!
1. Investing in your Skills (Professional/Career)
2. Investing in Enhancing your Life (Traveling, Reading, Cooking/Nutrition)
3. Investing in your Whole Being (Always Learning and Growing, Mind/Body Connection, Challenging your comfort zone)
Invest in an Amazing Partner
"It's really a huge advantage from a personal standpoint to have a wonderful partner. I mean that's the most important decision that you make, Who you marry, which is the ultimate partnership, is enormously important in determining the happiness in your life and your success"
-Warren Buffett
-Warren Buffett
What Does Investing Mean?
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"Investing is the act of committing money or capital to an endeavor (a business, project, real estate, etc.), with the expectation of obtaining an additional income or profit. Investing also can include the amount of time you put into the study of a prospective company." (Investopedia)
Saving vs. Investing
Why you should start Yesterday!
Tax-Advantage vs.Taxable Accounts
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The Government gives you a tax break/shelter if you save money in these accounts and agree not to use until you are the age 59 1/2 or older.
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A taxable account is money you already saved, and already paid taxes on and that you would like to invest. Money can be taken out at any time, however all the profits and dividends are taxed.
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Tax-Efficient Investing
Source- Pexels
The Stock Market Explained
Don't get Smashed!
Once you have an understanding about how things work, the next step is to know what you need to do to make them work for you. I remember reading an idea by Zig Zigler that really stuck with me.
He said to imagine you were walking in a large field and above you was a large spaceship that was just hovering. Every few minutes it would smash down and decimate whatever it touched. That was the only information you had.
As you watch it, you begin to make connections about how often, how hard, and how much area it smashed. Hopefully you made the most important connection of where you need to stand not to get caught in it's path.
The main point was you didn't need to understand the machine, you just needed to understand where to move to stay out of it's path to survive. That is like the stock market. You don't need to understand the inner workings and intricacies, however you to respect it and learn where to put your money so it stays safe and grows and most importantly it doesn't decimate your hard-earned money!
Luckily, there are so many free tools out there for you to learn, understand, and do your own research when it comes to the investing.
He said to imagine you were walking in a large field and above you was a large spaceship that was just hovering. Every few minutes it would smash down and decimate whatever it touched. That was the only information you had.
As you watch it, you begin to make connections about how often, how hard, and how much area it smashed. Hopefully you made the most important connection of where you need to stand not to get caught in it's path.
The main point was you didn't need to understand the machine, you just needed to understand where to move to stay out of it's path to survive. That is like the stock market. You don't need to understand the inner workings and intricacies, however you to respect it and learn where to put your money so it stays safe and grows and most importantly it doesn't decimate your hard-earned money!
Luckily, there are so many free tools out there for you to learn, understand, and do your own research when it comes to the investing.
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How to Read Stock Charts
Price to Earnings
Price/Earnings is one of the most important financial pieces of information you can look at to place the value of an particular stock.
Everything ETF's
Inside the S&P 500
How to Manage your Own Portfolio
I stumbled across this website (definitely above my level of math understanding) that offers free resources when it comes to the "worldwide index investing strategies using intuitive charts and real world examples that look behind raw numbers."
Want to Know your Net Worth?
Cryptocurrency the Future?
BitCoin Questions Answered
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