When you decide to start investing so that you have a more promising future then there are some steps that you need to take before you start.
1. Start researching on the different types of investments.
-There are many different kinds like Real Estate, Stocks, Bonds, and Savings. There are many more available and that is something to research and see which is best for you.
- There are many books and blogs to read to get comfortable.
2. Make sure that your personal finances are good.
- You do not want a lot of debt so paying off credit cards and car payments so that you can invest more money.
- You need control of this so that you don't have to try to sell your assets so that you can pay bills. Stay off the credit cards.
3. Start a plan. Sit down and be realistic. Look one year, 5 year, 10 year down the road and think about where you want to be.
-Making millions in five years is not exactly realistic, so be reasonable.
- Look at your finances and see what can be put away in a savings account so that it can be invested in time.
- The way that some start is to put 10% from their paycheck into a bank account and then when it hits a set amount ie.$1000 then you buy a stock. You can mess with these numbers and make them fit your needs.
With these steps you can start making money. The number one fear that I see with investing is that people are afraid of losing their money. While there are no guarantees in keeping your money, you can use some time researching to find good companies that you are safer in. Just do it! If you start slow you will become more comfortable in the markets. Always invest with your head and not your heart.
I will continue to write on other ways to start making money.
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This is going be about helping people get over the hump and start investing to help the future of you. These will help not only your finances but also America.
Wednesday, August 17, 2011
Monday, August 8, 2011
Real Estate Investing Blog
This website seems to have a lot of good points that can be taken before you just jump into a property. The key that i have learned through others mistakes are that you need to be patient and invest for the long term. know what you are doing before you just decide to jump into an investment that you know nothing about. I have made these mistakes, even though they were small amounts of money they could have been devastating.
Real Estate Investing Blog
Monday, July 25, 2011
looking in the future
I will start by saying that i am trying to become self-employed and be a real estate investor. to start i am using other vehicles like the stock market. i will be using the buy and hold for the next six years until i can pay cash for my first rental property. i believe in high yielding stocks that will produce both capital gain as well as the dividend. being able to put away almost half of my checks i will obtain $70,000-$80,000 in six years when i will be 30 years old. i am not to interested in the big cars and houses yet because i don't have enough time to enjoy them and or need them. this will also allow me to provide for my family and live the life that i want. i am not about self gratification and believe that if i wait it will be a better life. thank you for reading.
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