Set a vision of what you want. Money is not the thing...it's the dream you can make happen. So you're not into money management...you are into dream realization! The earlier you get started, the faster your dreams will happen. Based on your vision, write down your goals, not money goals, but "I want to be" goals or "I want to be able to" goals. By the way, the yacht dream is mine already....it's used up....get your own dream!!!! Motivation is your vision of the dreams and that is really powerful.
Educate yourself on investment. It is important that you start learning early so you have solid information on which to make your investment decisions. Start by reading the quarterly reports and annual reports of the company you are working with. Start tracking their stocks. Get to know the other companies in your field of work. Read their reports. Warren Buffet says buy what you know. Hey....and you'll also be able to feed back to your company information about the performance of competitors. This may give you an edge, to be noticed and may lead to earlier promotion. That extra money in your paycheck may just be the starting base for your portfolio. Meet your bank investment advisor. They will be able to provide information and you can ask some of your questions as well. Read books in your library or financial sections in the newspapers. Or search for information online.
Find a mentor. Get someone who is not interested in selling you a product or a service, someone who has done well in investing. There is always one in your family or circle of friends or at work. Ask people what they do about investment. Listen to their experience and find out what you need to do to prepare yourself to become a better investor. ...
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Author: Mary Norton