Missed Opportunities!!!

Millions of people want prosperity, many even take steps to achieve it, but few actually    attain the goal.  Why? Missteps-flawed    strategies -something we call  misconceptions  about money and wealth myths. So what  gives?

Many dream of becoming instantly rich by    winning the lottery, or somehow stumbling on some abondon fortune. In this setting, one hit it big through luck, perhaps a combination of small degree of luck and skill.  The sad reality is that most people will never be luck enough to win big at any game of chance, because winning such games almost always requires a series of highly random events to fall into a proper, unlikely order.

Nowadays, millionaires are perceived by many as being lucky. But what  most people refer to luck occurs when opportunities are accountered by people prepared and actively pursuing goals. Here, let’s try to empowers ourselves with the knowledge to attain greater degree of financial independence.

We know serious people, serious stuff are boring…But here, lies serious cash. I am talking about cash from longterm, well thought out investments.

What type of an investor are you with regard to “serious cash” such as home equity or repositioned retirement funds? Which of the following categories of investments would you be more inclined to invest in:

• high risk, high potential yield investments,
• moderate risk, moderate yield investments,
• Or low risk, safe investments?

Obviously, the older we are, the greater the percentage of assets that should be invested in safe and/or guaranteed investments.  We should therefore focus on the risk versus return models to determine which categories of investments are more advantageous for capital accumulation or the repositioning of serious cash such as home equity and IRA and 401(k)  monies.

When choosing a place in which to save, invest, or store cash for conservative, stable returns, we want to ask ourselves these four questions:

• Is it liquid?
• Is it safe ( guaranteed or insured)?
• What rate of return am I likely to get?
• Are there any tax benefits associated with the investment?

What type of investor are you? luck aside, these are seriously boring questions but with serious cash implications!!

Here are this week savings tips:

• Get a free energy audit. They invariably reveal a way to significantly  reduce power bills
• Never take credit life insurance on a car loan, mortgage or other major purchases. Don’t worry about the bills you might have when you’re dead!! Worry about ways to SAVE MONEY for the things you want while alive!!

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