People are overwhelmed and intimidated by choices they feel ill-equipped to measure, but as Richie Norton says “To escape fear, you have to go through it, not around.” Investments have to be planned and done with a purpose, a meaning and to realize life goals.
The number one question most new investors are faced with is, “How do I assess the right stock to invest in?“ There are several factors that go into making the best decision for your goals and the truth is there is no ‘one size fits all’ strategy.
“Money can’t buy me love” the Beatles once sang, but can money buy happiness? Yes, psychologists say, but many people don’t know how to spend to attain happiness. In a bid to find answers to this particular question, I will share one of the possibilities with you.
When you’re in your 20’s or even in your 30’s, retirement may seem far off, but it is a time in our lives that most of us will eventually face. Too many retirees are forced to continue working or depend on their children for support because of poor planning.
When it comes to cutting things from your budget, it is often the smallest things that make the biggest impact. Think about items that you spend on monthly, that you could do without and always be open to exploring cost effective alternatives to products or services that you already use.
The perennial question of ‘Good Debt versus Bad Debt’ was looked at in the previous article. We concluded that debt should be taken on only when value is enabled in the long run. But optimally I posit that no debt is good, as one is borrowing based on anticipated income before it is actually earned.
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