9 rules for success. place 1,000 dollars in immediately build the fund to cover 6 months expenses ...
TRANSCRIPT
Offense: A good salary and wise investment.
Defense: Limit debt to things that go up in value (education, house)
Get in the habit NOW, of putting 10% of your take home pay into an investment.
Direct deposit puts the cash in the investment before your hot little hands can spend it.
If a portion of your investments are going to a specific objective not far in the future, take little risk .
The majority of your investment should be LONG TERM
You can buy bonds from corporations or the government.
These are generally safe investments with a stated rate of return.
Stocks represent part ownership.
You can purchase individual shares, or you can invest in mutual funds.
You can gain a lot, or lose a lot.