If you could name a monetary figure that would make you satisfied, happy, content with life, how much would you ask? In a recent poll, most people responded by saying that ten percent more would be fine.
The interesting thing is that those that made twenty thousand a year, and those that made two hundred thousand a year both gave the same answer.
Translated in to every day language, everybody wants just a little bit more.
So what happens when you get that "little bit more?" Are you destined to always want that little bit more? Are people naturally inclined to live "just a little bit" above their means so that there will always be a need for "a little bit more?" One way around this conundrum is to make a portion of your income from interest that compounds.
If you have nothing to invest, this might sound like impossibility only available to the rich, but in reality wealth can build up much quicker than you think.
Einstein said that compound interest is one of the greatest mathematical discoveries.
But how do you find good return for your money? It's no secret that ninety percent of mutual fund managers don't perform as well as the general market.
Which means you'd have a greater chance if you just bought an index fund instead of paying somebody with an MBA who can't beat the market manage your money.
Another way is to take matters into your own hands.
While this might sound scary or too risky, consider the alternative.
If you don't invest your money wisely, where will you be in twenty or thirty years? Social security won't like be around.
Company pensions as we know them likely won't be around.
It's become painfully obvious you can't depend on real estate always appreciating.
The shocking truth is that once you retire, whatever you have saved is all your going to live on.
It seems apparent that the biggest risk of all is not learning how to invest on your own, and make your own money.
It can be difficult at first, but when you consider the importance of your financial future, it quickly becomes something that needs to be addressed.
One way to invest is in the Forex, or foreign exchange market.
The Forex is a currency exchange for banks, businesses, and others involved in international trade.
Over three trillion dollars are traded every day.
It can be scary and overwhelming at first, but if you make a long-term goal of really understanding the markets, and developing a solid trading plan, long-term wealth can come a lot quicker than you'd expect.
The two biggest obstacles, believe it or not, are you own emotions.
Greed and fear have caused the destruction of many traders.
Fear keeps out of the market when you should be in, and greed keeps you in the market when you should be out.
When you set up solid rules on when you get in, and when to get out, and not only stick to them religiously, AND refine them over time, you can't help but to be successful.
It's only when you jump in with a half-baked idea of how things work and swing for the fence does financial disaster strike.
Start slow, learn the markets, and develop a solid trading system that will naturally improve over time.
It's your money, and since those fools on Wall Street don't know how to handle it, it's time to take matters into your own hands.
The interesting thing is that those that made twenty thousand a year, and those that made two hundred thousand a year both gave the same answer.
Translated in to every day language, everybody wants just a little bit more.
So what happens when you get that "little bit more?" Are you destined to always want that little bit more? Are people naturally inclined to live "just a little bit" above their means so that there will always be a need for "a little bit more?" One way around this conundrum is to make a portion of your income from interest that compounds.
If you have nothing to invest, this might sound like impossibility only available to the rich, but in reality wealth can build up much quicker than you think.
Einstein said that compound interest is one of the greatest mathematical discoveries.
But how do you find good return for your money? It's no secret that ninety percent of mutual fund managers don't perform as well as the general market.
Which means you'd have a greater chance if you just bought an index fund instead of paying somebody with an MBA who can't beat the market manage your money.
Another way is to take matters into your own hands.
While this might sound scary or too risky, consider the alternative.
If you don't invest your money wisely, where will you be in twenty or thirty years? Social security won't like be around.
Company pensions as we know them likely won't be around.
It's become painfully obvious you can't depend on real estate always appreciating.
The shocking truth is that once you retire, whatever you have saved is all your going to live on.
It seems apparent that the biggest risk of all is not learning how to invest on your own, and make your own money.
It can be difficult at first, but when you consider the importance of your financial future, it quickly becomes something that needs to be addressed.
One way to invest is in the Forex, or foreign exchange market.
The Forex is a currency exchange for banks, businesses, and others involved in international trade.
Over three trillion dollars are traded every day.
It can be scary and overwhelming at first, but if you make a long-term goal of really understanding the markets, and developing a solid trading plan, long-term wealth can come a lot quicker than you'd expect.
The two biggest obstacles, believe it or not, are you own emotions.
Greed and fear have caused the destruction of many traders.
Fear keeps out of the market when you should be in, and greed keeps you in the market when you should be out.
When you set up solid rules on when you get in, and when to get out, and not only stick to them religiously, AND refine them over time, you can't help but to be successful.
It's only when you jump in with a half-baked idea of how things work and swing for the fence does financial disaster strike.
Start slow, learn the markets, and develop a solid trading system that will naturally improve over time.
It's your money, and since those fools on Wall Street don't know how to handle it, it's time to take matters into your own hands.