words of wisdom about investment

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Recently I was talking to a friend, an impressive guy who was a star high school athlete, built a successful law practice, and recently launched a Bible teaching ministry while being very vulnerable about his own personal struggles throughout his life.

We were sharing a meal and catching up on family news, which for him included several college-aged kids and some of the highs and lows they’d walked through of late. He mentioned the pressures of running a business, paying a few truckloads of tuition, and just keeping things moving right now.

Many of us can relate. In this stage of life, we’re launching ventures, managing people, raising tweens and teens, navigating the ups and downs of marriage, and oh-by-the-way assisting parents as they age and fielding increasing requests for charitable giving and philanthropic service.

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Others of us are carrying a different load. Maybe the pain of divorce, or the still-yet-to-be-fulfilled desire for a spouse. Perhaps the difficult work of picking up the pieces from a failed deal or enterprise, or the gut punch of a personal or professional betrayal. Possibly the numbing prospect of still trying to figure out a way forward here in midlife, while other peers seem to be firing on all cylinders.

My friend’s comment that it seems “everything’s an expense” certainly resonated with me, but also got me thinking. Why is it that everything feels like an expense? Because everything is? Or because my perspective makes it seem that way? So I investigated.

The trick is not to learn to trust your gut feelings, but rather to discipline yourself to ignore them. Stand by your stocks as long as the fundamental story of the company hasn’t changed.”

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When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, there are smart ways to go about it.”

Saving money is good but what is even better is to have your money work for you. Whether you want to live a comfortable life or you want to strike it rich, investing is critical.

Take a few dollars out of your daily expenses and starting putting it into a basket (and watch that basket closely). Start by reading these budgeting quotes so you can be smart with your expenses and have more money put aside for your investment.

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