Securities through Cambridge Investment Research, Inc., Member FINRA/SIPC. RTs & Links ≠ endorsements
San Francisco Bay Area, CA
Joined March 2011
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I'm a financial advisor.
Here's what I know:
- You'll lose money in the market
- You'll gain money in the market
- You'll panic and sell
- You'll regret selling
It's a roller coaster.
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Investing is a long-term game.
It's not a get-rich-quick scheme.
It's a get-rich-slowly plan.
And it's the only one that works.
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If you want to grow your wealth, you need to understand the game:
- The government wants you to save money so they offer tax advantages
- Banks want your money so they pay you interest
- The stock market wants you to invest so it offers you ownership
25
If you're not investing now, you're wasting the most powerful tool in your favor:
Time.
Start small.
Be consistent.
Don't look at the price daily.
The rest will take care of itself.
18
Having a 401k is like having a gym membership.
It's a good start but won't get you ripped.
You need to:
- Have the right plan
- Know what to do with it
- Stick to it consistently
That's when the magic happens.
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If you're young and you're not investing in a Roth IRA, you're leaving free money on the table.
The more money you make, the more important it becomes.
If you have questions, drop a comment.
18
If you're using a 401k, here are a few tips to optimize it for long-term growth:
- Contribute at least the max match
- Diversify (stocks, bonds, international)
- Keep fees low
- Rebalance once a year
This alone will put you ahead of 90% of people.
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56
The best investment you can make is in yourself.
The second best is in your retirement.
If you need help with the second one, I'm here to help.
11
The key to long-term wealth is simple:
- Spend less than you earn
- Invest the difference
- Repeat for years
The problem is, most people fail to follow through.
If you can, you'll be in the top 1% of people financially.
8
Roth IRA is the best tax-free gift the government gave us.
Max it out if you want to make your future self happy.
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The #1 reason people retire poor is because they don't understand how money works.
Our school system didn't teach it.
And our parents didn't learn it either.
That's why I'm here.
7
The key to growing wealth is to stay disciplined.
With investments, don't get distracted by the noise.
Stay focused on your long-term goals.
You'll thank yourself later.
10
The more you focus on money, the less you focus on creating value.
The less you focus on creating value, the less money you make.
Focus on what you love doing and find a way to monetize it.
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The stock market is the only place where people run away when things are on sale.
Don't be like most people.
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