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To: KeyLargo
I'll tell you why; we're looking for a way out, to not have to worry about money day in and day out.

I dream of the day work can be a choice instead of a necessity.

3 posted on 05/27/2011 2:35:40 PM PDT by Marathoner (Birds gotta fly, fish gotta swim, RATS GOTTA TAX!)
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To: Marathoner

The day that’s going to happen is the day they bury you.


4 posted on 05/27/2011 3:02:54 PM PDT by bopdowah ("Unlike King Midas, whatever the Gubmint touches sure don't turn to Gold!')
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To: Marathoner

If you develop an attitude of paying yourself before you pay anyone else you will make it. By that I mean take a percentage of your income 5%, 10 % whatever and pay yourself first with every paycheck.

Put that 5% in a savings account that is ONLY for investing. Then determine what you want to invest in, stock market, mutual funds, options, real estate, whatever. Learn about that area of business and how to safely invest in it. Practice on paper for a year or two. mistakes on paper are easy to sleep with, the actual ones hurt. Learn where the cycles are and why they occur. Learn about the tax consequences of your actions ahead of time.

When you are making a steady profit on paper you are ready to invest. Invest 90% is solid gramma type investments with 10% in high risk. When your 10% has doubled, sell 50% of it. What you’ve done is now you are investing in high risk with someone elses money. Put the original 10% into the safe solid gramma type investments areas. Keep playing 10% in high risk as long as it is in a growth cycle. Get out of the high risk area when the loss cycle swings around.


7 posted on 05/27/2011 9:50:39 PM PDT by B4Ranch (Allowing Islam into America is akin to injecting yourself with AIDS to prove how tolerant you are...)
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