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Hello Fellow-Investor.
Heres mistake No.3:
Not Setting Goals
If you don’t know where you’re heading and how you plan to get wherever you want to go, you’ll probably never arrive. To accumulate wealth, you need a plan.
To be motivated to save money, you need something specific to save for. To succeed in accumulating wealth, write your goals down and visualize them, whether they’re a relaxing retirement, a mortgage-free home, or an unforgettable vacation. It doesnt matter. But you have to have a plan and follow it being as specific about it as you can.
In part 2 of my 7-Part eCourse that you can subscribed to for free at www.stockbreakthroughs.com, I discussed how to create a winning trading plan and said:
Without A Plan Your Chances Of Trading Successfully Are Substantially Limited!
Well. Its exactly the same here.
All wealthy people have set themselves goals. If you’ve read the book “Think And
Grow Rich” by Napoleon Hill, you’ll know what I’m talking about. If not, then I
recommend that you read it. It’s awesome!
Some time ago I received a very nice quote:
Whatever you hold in your mind, you move towards!
Thats one of many secrets of goal setting.
Mistake No.4 will be on: “Incurring Too Much Debt.”
Yours in Successful Trading,
Ricky Schmidt
www.stockbreakthroughs.com
If you missed the last issue, you can find it at:
www.stockbreakthroughs.com/mistake-2.htm
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Ricky Schmidt is a captain with a major airline in Germany and stems from Miami, USA. He got raised in South Africa and in Germany where he now lives. Before he started his flying career though, he first got in touch with the financial market by working for a bank in South Africa back in the early 1980s. His interest in finances stayed with him ever since and he started specializing in the stock market. His ezine Stock Secrets For Novices is a newsletter that was created out of frustration in trying to decode books, magazines and newsletters on the subject, which are supposed to be for beginners but are not because theyre too difficult to understand. Too many Big Words and too much intelligent sounding grammar is used which is not very useful to any novice! Stock Secrets For Novices is clearly and simply explained information that shows you how the stock market works in the easiest terms. Knowing how the stock market works is half the battle won already. More often than not, you need to have a coach to challenge you and get you to the next level! Useful Links: Find out about debt management today for simple debt solutions. « Parents - You Can Become Financially Successful!
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Pingback by Pragmatic Finance - Putting my Financial House in Order — August 25, 2006 @ 5:23 am
Well said, bub. Deep-sixing the debt and connecting with the cash is the way to win with the moolah.
Comment by DEBTective — September 6, 2006 @ 12:36 pm