There is alot of hard work to be put in but it is all worth it. You have to constantly reading to keep up with the market movement. What I learnt is that once you have developed a habit of doing it, it comes naturally.
The added bonus is it makes your conversation with people more interesting and makes you looks really intelligent. Your friends or associate who are talking to you will be very impressed with what you have to share and sooner or later they will approach you for advice too.
I know because I experienced that. I used to hate reading news and even find it a chore to do it. Even if I read, I would prefer the sports, life and entertainment section. However now, I love to read those business and money section, then analyse the news to see how it would affect the stock market.
Then when I shared with people, you can see the awe in their eyes when they find you really knowledgeable. In fact I even have my office manager approaching me for investment advice. She even scehduled a monthly meeting to talk to me.
Sunday, November 13, 2011
Thursday, November 3, 2011
No Action Leads to No Results
When there is no action, there will be no results. Even a small steps forward, it still a improvement, rather than not doing anything at all. The same thing goes with investment.
Many times I will hear people complaining that they have no money but yet they are not doing anything to improve their financial status. They are also not willing to give up their present spending habits to save the money required for investment, and then they will continue to complain that they have no money every month end, that's if they still can last till month end.
There will be all sorts of excuse for not able to save money... blah blah blah... they are all nonsense and excuses for not cutting back their expense. I always believe that when one have the will there's a way.
In fact, it happens to me. I have seen the change as I embark on my journey in value investing. Although I do not have the huge capital to invest, nor am I able to make back the course fee when I attended MIP in the short period of time. Nonetheless I'm making progress and every day I'm learning to be a better investor that brings me closer to my financial freedom goal.
With each steps I make, I began to see how there seem to be much more money flowing in, no matter how small they are, I'm grateful as every cents count.
I strongly urge you to make that step forward and start to plan for your own financial freedom. Just do it!!
Many times I will hear people complaining that they have no money but yet they are not doing anything to improve their financial status. They are also not willing to give up their present spending habits to save the money required for investment, and then they will continue to complain that they have no money every month end, that's if they still can last till month end.
There will be all sorts of excuse for not able to save money... blah blah blah... they are all nonsense and excuses for not cutting back their expense. I always believe that when one have the will there's a way.
In fact, it happens to me. I have seen the change as I embark on my journey in value investing. Although I do not have the huge capital to invest, nor am I able to make back the course fee when I attended MIP in the short period of time. Nonetheless I'm making progress and every day I'm learning to be a better investor that brings me closer to my financial freedom goal.
With each steps I make, I began to see how there seem to be much more money flowing in, no matter how small they are, I'm grateful as every cents count.
I strongly urge you to make that step forward and start to plan for your own financial freedom. Just do it!!
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