Simple Practices that Lead to Wealth
Make no mistake about it, whatever your stance on climate change, there are going to be some radical changes in energy and transportation. And, investors are very important for making this happen.
For those of you who aren’t familiar with The January Effect or a Santa Claus Rally, it is caused by investors who sell at the end of the year for tax purposes and then buy again in January.
Spend some of your spare time increasing your income. Pay off any consumer debt or loans as quickly as possible. Don’t buy anything you don’t need or can’t afford. Pay your bills promptly and in the most efficient manner.
I recently had a conversation with someone who was trying to pay off student loans and credit cards, while still trying to lead a normal life. His comment was “whenever I talk about going on a budget, everyone in my family gets upset and calls me a cheapskate”.
You can’t be involved in personal finance without someone bringing up the subject of budgeting. Many people are passionate about budgeting and they want to discuss every virtue and detail.