Have a plan for every paycheck, bonus, tax refund, inheritance, bank heist money :) you come into to have a portion funneled into your investments before you're tempted to find other, unlimited, things to do with it. The key is to discipline yourself to set aside portions of any amount money that comes in and have an automatic system to invest it and let it grow without touching it. It's great that you have a nice little lump sum of money to invest right now, but the key to building wealth generally won't involve lump sums every now and then and finding places to put them. That short list is in no way complete, but will get you started.Īs far as websites/blogs/free reads here's a few to consider: The Millionaire Next Door: The Surprising Secrets of America's Wealthy The Simple Path to Wealth: Your road map to financial independence and a rich, free life: Ebook, blogs and apps all have their benefits, but you really should have a basic financial library of physical books you can have on hand. ![]() That's exactly what you should continue doing, as it will pay off in the long run far more than any single investment you can make right now.Īlong those lines I would invest a small amount of that money in some basic books about money that will help you develop a fundamental philosophy about your relationship with money and building wealth. Congratulations on being wise enough with your money at such a young age to do your research and ask questions.
0 Comments
Leave a Reply. |