Investing Strategy – Pay YOURSELF First
To become a successful investor, make investing a part of your daily life. You already pay the companies behind your credit card, gas, water, electric, cable, and phone bills every month, right? Why not add yourself to the list? Heck, put yourself right at the top. Set aside a chunk of money to save or invest when you first get your paycheck, and you can happily forget about it for the rest of the month.
The more you save, the more wealth you create — but anything is better than nothing. Even a few dollars saved now will be worth more than lots of dollars saved later.
With online banking and brokerage services, it’s easier than ever to set up automatic monthly transfers between your checking account and a savings account or investing vehicle of your choice. You’ll be surprised how easy it is to live on a little less money each month — in fact, you probably won’t even notice the difference.
From Business Correspondent Ed Johnson http://www.swagvest.com