You appreciate what you have, where you’re at in life (maybe a little more money wouldn’t hurt), and where you’re going. You saved ‘til it hurt, and you know you definitely don’t want to have to do that again. You worked hard at your job, your business, and you put in the time. It went by fast, but a lot of those days were long. Now, you need to keep what you’ve made. A different skill set is needed. What are you going to do?
First, I want you to avoid the mistakes that keep investors from realizing the success they deserve. Mr. Market has a way of wanting to change people’s lives, and not always for the better. Too many investors trust Mr. Market in hopes he’ll make things better. But, as my father-in-law Dick Young will remind you, dear reader: Hope is not a strategy.
That’s OK. We don’t need hope for where we’re going. But a little faith won’t hurt. Because I have faith in you. I believe in you. I know you didn’t get rich overnight and that you certainly feel more than comfortable with how much you’ve saved. That’s something you and I never want to see change. You’ve got plenty. I will never resent your success. I’m your biggest fan.
As Your Survival Guy, I know bad stuff happens to investors. I know the power of compound interest is one of life’s miracles. It’s a miracle attainable for anyone willing to believe in it.
Action Line: Compounding big savings with most any interest rate is just fine. When you’re ready to get started, let’s talk.
Read Part I here.
Originally posted on Your Survival Guy.
