Investments
Creating Wealth through Investing.
Warren Buffet, the second richest man in the world, has donated $31 billion to charity. The following are some very interesting aspects of his life:
He bought his first share at age 11 and he now regrets that he started too late! Things were very cheap that time. Encourage your children to invest.
He bought a small farm at age 14 with savings from delivering newspapers. One could have bought many things with little savings. Encourage your children to start some kind of business.
There are two ways you can create money. You can exchange your time for money or you can make your money work for you.
Most of us work for money. We trade our working hours for a salary. In order to make more, we need to work more. But there are only so many hours in a day, even with overtime!
And there is more to life than working for money.
The sooner you begin, the sooner you can reap the rewards. The longer you invest, the more your money works for you.
Let’s start talking today about creating wealth through investing!
SOME INVESTMENT TRUTHS:
1Since 1940 there have been only 2 YEARS WITHOUT INFLATION.
2Your money cannot grow without accepting some RISK.
3Investing has at least a 5-YEAR HORIZON, anything less is either savings or gambling!
4PAST PERFORMANCE is no indication of future results.
5The power of COMPOUND INTEREST is not fully understood.
6You should regularly save at least a TENTH OF YOUR INCOME.
7BANK investments never give real capital growth.
8You invest to PROTECT YOUR MONEY from inflation and make it grow.
9You invest to provide an INCOME IN RETIREMENT.
10Your most important long term investment goal is a COMFORTABLE RETIREMENT.