Investing takes effort — and discipline. You’ll need a good reason to spend the time and to make the sacrifices you need to make. What is your reason? Why do you want to be wealthy? If your goal is simply to be rich, you will never be satisfied — there is always […]
In recent times, the message to ‘invest in incoming producing assets’ has been perhaps most popularised by Robert Kiyosaki in his bestselling book, Rich Dad, Poor Dad. Originally marketed as an autobiography, it appears that it is really more of a business fable — but nonetheless, many owe their start on the path to […]
This principle is not only true of investment property, but of investments in general. For stocks — you should research the company, the industry, the key factors — and watch the latest news that can effect the future value of your stocks. For businesses,
market research is essential — what are your competitors doing, […]
Most people are familiar with the concept of risk vs. return, i.e. in general, you must seek higher risk investments to achieve higher returns. For example, government bonds are a reasonably safe investment, but tend to provide a minimal return after inflation. In contrast, highly volatile stocks can be very risk, but can […]
More than any other field of learning, responsibility for your financial education lies with you. Sure, you need to continue learning for your career, your family, your life, etc. But these tend to be facilitated by your company, your church and community groups. Financial wisdom is far less likely to fall into […]