This is very important and it’s going to be very beneficial to you regardless of the kind of industry you are or the kind of business engagement you are in presently.
If you have the opportunity to invest in a lucrative business especially one which is based on innovation and market proven strategies and models and it’s probably new in existence, then you’ve found your way to become a financial hero with no hassle forever.
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett
Be prepared to invest in a down market and to “get out” in a soaring market.
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen
Though investing in a savings account is a sure bet, your gains will be minimal given the extremely low interest rates. But don’t forgo one completely. A savings account is a reliable place for an emergency fund , whereas a market investment is not.
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki
If you’re a millionaire by the time you’re 30, but blow it all by age 40, you’ve gained nothing. Grow and protect your investment portfolio by carefully diversifying it, and you may find yourself funding many generations to come.
“Every once in a while, the market does something so stupid it takes your breath away.” – Jim Cramer
There are no sure bets in the world of investing; there is risk in everything. Be prepared for the ups and downs.
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson
Investing is not gambling. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
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