Guideline #2: Know why: a twofer.
Know why you are investing - Part 1
Investing for cash flow looks different than investing for capital appreciation.
Know why you are investing - Part 2
Investing is a long term thing. It takes time to be a successful investor. It takes discipline to keep at it. Not every day is a fun day. Making the decision to defer on immediate gratification in exchange for future financial independence requires some internal fortitude. But, as Jim Rohn, one of my early teachers, said, "If you have enough reasons you can do the most incredible things."
Do you have good reasons to invest for the future? If not, find some soon. It makes it all easier.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment