Being worried about money all the time is stressful. It can prevent you from relaxing in the evening or sleeping well. It can prevent you from getting the health care you need or enjoying fun activities due to the cost.
A lack of money can also have you very worried about your future. Will you have enough money to retire? Will you have to work beyond your physical and mental limits in order to have the money you need? When we think of our golden years, we want to think about being able to live comfortably.
Investing correctly is the key to being able to do so. Very few of us are born into families with unlimited wealth. Most of us also agree we don’t have to have an abundance of money. Just enough to meet our needs, to have some fun as we get older, and perhaps to leave to our loved ones.
Investing isn’t the same as gambling, and it is very important to know the difference. Investing involves much more than just luck. It involves careful planning, discipline, and applying knowledge. Investing means you follow the market and you continue to try new things.
You have to diversify your portfolio in order to make money. If all of your investments are in one group, you can make money, but what will you do if you lose it? Investing is about having a safety net in place to help reduce the overall risk. There is no way to completely eliminate the risks, but you can reduce them.
It is a common misconception that you must be an expert in investment planning to do well with it. The truth is you just need to learn the nine secrets that are covered in this book. They are practical, they are possible, and they can help you get results. Investing in a manner that increases your overall wealth can reduce stress and give you peace of mind about your future.
When you explore the history of very successful financial individuals in U.S. history, you will find there are many to whom you can refer. It isn’t what they accumulated in wealth that you should focus on, though, as much as it is how they went about making it happen.
Many of these individuals who created vast fortunes started out with very little. They may not have had a formal education or a wealthy family. However, they found a way to create wealth and to leave a legacy behind them.
John Hancock will always be well known as the guy who wrote his name very largely on the Declaration of Independence! However, he grew up the poor son of a minister. He was involved in trading with his uncle, and when he died in 1973, he was worth the equivalent of $79 billion in today’s money.
At the young age of 11, Cornelius Vanderbilt quit school and started a ferry service along with his father. This service extended from Manhattan to Staten Island. His father made him a full partner at the age of 16. When he died in 1877, he was worth the equivalent of $157 billion.