Talk openly to your partner about money. Money and relationships can be hard, because no one thinks exactly the same way about money. When I was growing up as a child my mother and father were two different money pages. My mother invested in the stock market and my father did not. Do not waitContinue reading “Harness Money Tip #42”
Your most valuable money asset is time. Time is what allows for compound interest to happen. Time is how your stock goes from $10 to $100. But all of us also only have 24hours in a day. Specialize on doing a few things great. Outsource tasks that you are not the best at and focusContinue reading “Harness Money Tip #39”
Simplicity is often better than complexity when investing.
Listen to the podcast: Rule Breaker Investing I like things that make you think different. This podcast does that. It gives you different investing perspectives that will can change you mind. One of the best concepts I have taken from this show is: Keep investing in your winners. Do not take money away from yourContinue reading “Harness Money Tip #26”
The reason that I do not like mutual funds is: Fees High fees will kill your investment gains. And then when the stock market declines those mutual funds still collect their fees. If you must invest in mutual funds, only mutual funds are offered in my 401k plan, then choose the fund with the lowestContinue reading “Harness Money Tip #25”