Monday, March 21, 2011

Guide to Successful Investing - Take It Seriously

If you've chosen to manage your own money you've taken on one of the most important tasks which will ever befall you in life. Apart from the love of our families, and perhaps our careers, the next most important thing is how we manage our money. That is, whether that little bit you've set aside grows, stagnates, or worse, whether it shrivels and dies. This will depend on the quality of the decisions you make now and into the future.

Of course if we manage our money better, then perhaps we'll be in a position to shorten our careers, or not have to rely solely on them to produce our income allowing us to spend more time with our families. I certainly know what I'd rather be doing ... working 9-to-5 or playing with my kids ...

Yet unfortunately most people do not put anywhere near as much time, effort or consideration into their investing as they do into their families and careers. Too many adopt a "She'll be right mate" approach with their investing. It takes a very distant back seat to the rest of their life, yet in so many ways it's just as important as forging a successful career. Get your investing right and there'll be plenty more to leave to your loved ones when you finally check out!
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