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No. of Recommendations: 15
There is no "one-single magic solution".

OB

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Folks,

I know of one "single magic solution". Maybe you have heard of it or even perhaps use it in the many facets of daily living...


ACTION!


Jacking around and not doing anything will end any "best intention" to take personal financial resposibility. This is the truth as I have experienced. I have watched and even advised people that are paralyzed by indecision to the end result of non-action. They are afraid of risk, losing money and doing the wrong thing.

Years down the line their fear of doing the wrong thing will materialize because they did next to nothing - and that my friends is the wrong thing to do, and will continue to be the wrong thing to do.

Action is not blindly throwing cash wherever it happens to land or swinging at every pitch you have the opportunity to participate in.

Action is finding possible candidates for investment, doing research, and learning. At some point you have to take the plunge. You may not make the investment at the very bottom price that day, but in the long run, WHO CARES?

Taking action!

Compelling yourself to be responsible, following through with OCPs and reinvesting dividends! Utilizing the awesome power of COMPOUND INTEREST!

Even at the worst, action is outsourcing your personal finance to someone who will (hopefully) invest with your goals and best interests in mind.

As time passes, you keep learning, making decisions, and executing based on the best possible information and according to your goals.



exilion
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