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Dividend Reinvestment Plans: Investing On Automatic Pilot
If you're like many investors who squander those small dividend checks from your stock portfolio, a Dividend Reinvestment Plan (DRP) might be just what you need. Just as its name implies, a Dividend Reinvestment Plan allows you to reinvest some or...
Does Your Business Need An Attitude Adjustment
First you need to: Change your attitude. I know you feel you have a good reason for feeling bad. However, instead of moaning and groaning about why me, ask yourself how you can turn the situation around. It’s better than feeling sorry for...
It's Not All About the Money, But It Has Alot To Do With Investing
Sin and sorrow everywhere
People dying in despair
Happy Birthday to you; Happy Birthday to you.
When a kid, my grandfather gave me a crisp dollar bill for my birthday. It wasn't about the money; it was about him. As a kid, I also heard...
Making Fortunes With Long-Term Value Investing
The key to making money in the stock market is invest for the long-term, buying only undervalued stocks which, to quote Benjamin Graham, have a "Margin Of Safety". Ben Graham and Warren Buffett both made enormous fortunes through long-term value...
Pro's & Con's of Investing in Bonds
What are Bonds? A bond is a debt security, by which you are lending money to a government, municipality, corporation, federal agency or other entity known as the issuer. In return for investing in the bond, the issuer promises to pay you a...
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Investing Is About Discipline
Investing is about Discipline
If you don't have discipline then walk away from the idea of being rich. You see, getting rich without discipline is relying on the lottery or your favorite pony ambling past the finish line in front. And how likely is that...?
The idea of wealth retention is what you have to consider and grasp firmly. That must be the goal of any strategy. Get it and keep it. Sounds simple but the average Joe gets it and spends it - on stuff, dreams, hopes, scams, bum ideas, and so on.
Those guys who get the idea of "get it and keep it" are the ones who gain wealth. Even a person of modest means can do this. Consider this - most people who have aspirations of gaining wealth have an income. If they don't have an income I'm going to suggest that food and shelter are probably foremost in their minds.
So let's assume that the guy who aspires to be wealthy has an income. If he stuffs some cash in a box every time he gets paid his salary, and keeps it there he is already gaining wealth. He has accumulated an asset he never had
before. Average Joe says - "lets put cash in the box next week - we'll buy take out this week".
Sounds crazy huh - but it's true.
The second step in being wealthy is discipline.
The second step .... what happened to the first?
The first step ..... You have to choose to be wealthy - or have stuff. More on that another day. Think about it.
Kevin Bauer
http://www.grow-your-wealth.com
About The Author
Kevin Bauer is an entrepreneur and teacher. He has owned and published community newspapers, built and sold a life insurance brokage company, developed property, taught salespeople how to increase their business, helped small business owners to increase their customer base and buying frequency, worked with major corporates on their sales and marketing strategies and now focuses on using the internet to build his own business. More ideas on wealth creation at: http://www.grow-your-wealth.com.
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