The wealthy do something well that the majority of people do not do so well… they invest.
Investing can be hard, scary, and complex. Many don’t know what to do, nor do many even know where to start.
However, it is an essential part to obtaining massive wealth. If you’re interested in having more money in your life, investing is likely to be a top priority for you (see the power of compound interest here).
So, to help you master this touchy subject, I asked a bunch of experts for some helpful investing advice.
Their responses follow.
Rick Van Ness, Author and Educator, FinancingLife.org
“A Penny Saved Is Two Pennies Earned” was the first game-changing investment advice that resonated with me. This was the title of a chapter from a book by Andrew Tobias 35 years ago. Tax rates were higher back then, but this taught me the importance of saving.
More recently I’ve been guided by investment advice from the champion of common sense investing, John C. Bogle, who says, “When it comes to investing, unlike with most things in life, you get (to keep) what you don’t pay for.” He is referring to the importance to keep investing expenses, and any fees for financial advice, at an absolute minimum. [Read more…]