NegociosCPM2021
New member
- Save and invest from a young age
- Focus on the 3 components of wealth; income, expenditure and investment returns
- Negotiate hard even for small pay rises. It is 10 seconds of work, sometimes, for a huge benefit
- Reinvest negotiated pay rises into markets, and don’t let lifestyle inflation harm returns
- Don’t give in to peer pressure. Remember, many of the people driving these cars are broke;
- Remember real millionaires are usually frugal, modest etc.
- Watch your spending habits
- Never time markets
- Always focus long-term
- Don’t watch the financial media
- This time isn’t different
- Remember markets always have risers long-term. Never panic.
- Do the maths. Want to get to $1M by 40? Sounds ambitious but break the goals down into monthly amounts, and adjust for conservative assumptions
- Reinvest any inheritance
- Read about investing