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Saturday, December 29, 2007

10 Commandments of Investment

Save Now or Die Trying by Mark Bruno

1. Retirement is a Reality
Don't wait to see if you can play catch up.
2. Not some one else, do something now
It's up to you to take care of yourself.
3. Whenever there is free money, take it
Work for a boss who will make matching contributions to your retirement plan.
4. Treat retirement as part of saving plan
Have contributions deducted automatically from pay cheque.
5. If you aren't saving, you're setting yourself up
A little saving a month will help to accumulate for long term wealth.
6. The power of compounding
The earlier you save, the more money will work for you.
7. Don't count on any future help
There are no sure things in life and retirement.
8. The difference between good and bad debts
Credit card is bad debt when you don't pay it off expeditiously.
9. No stupid questions, only stupid decisions.
Financial independence equals ability to save?!
10. Live life
Don't save for tomorrow at the expense of today.


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"If you want to feel rich, just count all the things you have that money can't buy." Anon

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