Two Very Important Things That Need Reiterating - Part Two

Two Very Important Things That Need Reiterating – Part Two

Hello and welcome to the Making Finance Work blog.

Last time we talked about the importance of not gambling with stocks and shares, but investing in them. Today I would like to once again harp on about the importance of time.

Buying and holding is pretty boring. You get a share, keep a share and hopefully watch it grow for a very long time. I know you are impatient, aren’t we all? There is no get rich quick!

Can you rely upon inheritance, winning the lottery or selling out an amazing invention or idea? Probably not.

Do not waste your time chasing get rich quick schemes. Avoid them like the plague. If somebody was making so much money from a particular online venture would they share it with you? No, but they will sell it to you and let you continue to try to plug it for them, meanwhile every day you are in turmoil at the prospect of having to go out and replicate the sale, three times to make your money back! Do not fall for it!

That is all very well you say, but I need to make money so that I can invest that money and get that sweet compound interest. How do I do that?

Good question.

“Money will come, when you are doing the right thing”
Mike Phillips

We will look at that next time. But for now, remember that patience is the key factor.

Speak Soon,

Oliver Jones
Making Finance Work