The Best Investment There Is, Period
What is the best investment? is it stocks, mutual funds, real estate or being in business?
Actually, it's none of those things all except for maybe a small business, and yes saving your cash which is even more vital. But like I keep saying, if you do go into business, use your own cash. Don't get a loan from relatives, the bank or the payday loan place in the not so nice area of town.
Remember what I said, use money you can afford to lose. That way if one business venture doesn't work you won't be all pissed off it didn't work. Look for a business you'll like, understand and be able to scale up. As well, some business people could sell a service or a product, or a combination of both.
Learn from top people in that field and take action on the tips they give you. And I'll keep repeating it because I've had a few emails from people about it, and that's that they lost their shirt because they used money they couldn't afford to lose and got pissed at me for telling them not to use money they can't afford. This bears constant repeating because most don't get it.
Actually I'm glad they don't. It just gums up the works for those of us who want a successful business and are willing to grind it out until we do succeed. "No ah use a money you canna notta afforda". Get it?
You probably don't, then you'll get all pissed off you didn't go into business and blame everyone else for your lack of success financially. The world does not owe you a thing until you provide some kind of value people can use. Under promise and over deliver guys.
Yes, my first foray into my music business I was creating all kinds of value for musicians, but doing too much work that no one wanted to pay for, and making no money. I was all over the map. That's my fault, no one else's. I had to focus on what they wanted.
Okay, enough of that. The best investment you can make is putting your money in cash in a simple bank account. That's it. Besides starting a small business just put your money in cash. CD's and Treasuries are other good alternatives, but if you do just keep them in for short maturity dates, because if you need that cash you'll be penalized for taking the money out too soon.
Your best bet is a simple checking account. If you want to save money start a sub bank account strictly for money you don't want to touch. That way your savings money isn't lumped in with your checking account, which should be used for bills only.
You can also start an account for paying things like Gas for your car, the mortgage or utility bills. Get where I'm going with all of this?
Yeah, I'm a prick but a smart prick. Just be smart with your cash. We all have our little financial realities, but people who can't afford extras in life, should follow my little tip on the best investment more than most people. Actually, everyone should follow my investing principle. You'll be happier and have more money at the end of the day.
Mark
What is the best investment? is it stocks, mutual funds, real estate or being in business?
Actually, it's none of those things all except for maybe a small business, and yes saving your cash which is even more vital. But like I keep saying, if you do go into business, use your own cash. Don't get a loan from relatives, the bank or the payday loan place in the not so nice area of town.
Remember what I said, use money you can afford to lose. That way if one business venture doesn't work you won't be all pissed off it didn't work. Look for a business you'll like, understand and be able to scale up. As well, some business people could sell a service or a product, or a combination of both.
Learn from top people in that field and take action on the tips they give you. And I'll keep repeating it because I've had a few emails from people about it, and that's that they lost their shirt because they used money they couldn't afford to lose and got pissed at me for telling them not to use money they can't afford. This bears constant repeating because most don't get it.
Actually I'm glad they don't. It just gums up the works for those of us who want a successful business and are willing to grind it out until we do succeed. "No ah use a money you canna notta afforda". Get it?
You probably don't, then you'll get all pissed off you didn't go into business and blame everyone else for your lack of success financially. The world does not owe you a thing until you provide some kind of value people can use. Under promise and over deliver guys.
Yes, my first foray into my music business I was creating all kinds of value for musicians, but doing too much work that no one wanted to pay for, and making no money. I was all over the map. That's my fault, no one else's. I had to focus on what they wanted.
Okay, enough of that. The best investment you can make is putting your money in cash in a simple bank account. That's it. Besides starting a small business just put your money in cash. CD's and Treasuries are other good alternatives, but if you do just keep them in for short maturity dates, because if you need that cash you'll be penalized for taking the money out too soon.
Your best bet is a simple checking account. If you want to save money start a sub bank account strictly for money you don't want to touch. That way your savings money isn't lumped in with your checking account, which should be used for bills only.
You can also start an account for paying things like Gas for your car, the mortgage or utility bills. Get where I'm going with all of this?
Yeah, I'm a prick but a smart prick. Just be smart with your cash. We all have our little financial realities, but people who can't afford extras in life, should follow my little tip on the best investment more than most people. Actually, everyone should follow my investing principle. You'll be happier and have more money at the end of the day.
Mark
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