The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Investing

How do you save money? How do people become rich?


How do you save money? How do people become rich?

Determination and a plan. It doesn't matter how little you start with.

Read as much as you can on Investing (Mutual Funds, Stocks, etc.).

That's the whole thing in a nut shell. If you're determined & focused... you'll do fine!!!!!!

I save by putting aside a little of this every month or week or whatever, and NEVER touch it. The tiny little change I find I put in my piggy bank too. My friend keeps all his change in a bucket and now he has a hundred dollars in nickles and another hundred in quarters.

you will be surprised how much money you can save if you pass on the little expenses. Saving up change in a water cooler jug and cashing it when you can no longer lift it is a good way too.

Invest in the stock market (stocks, bonds, mutual funds). Think about going aggressive buy low and sell high

Smart investing, is key to becoming rich. A savvy financial advisor can become a very useful tool. Just remember you have to spend money to make money.

Look up the MSN article online titled "Savings is for suckers"
Savings is the worse thing you can do with your money!

Tags
  Small Business   Renting & Real Estate   Personal Finance   Investing   Insurance   Credit   Corporations
Related information
  • Averaging in with sharebuilder?

    Sharebuilder was acquired by ING Direct. You'll find answers to your questions here: ...

  • Is it right time to buy Infosys shares, prices of which have dipped to Rs.1630?

    Buy Infosys at current levels only if you are a long term investor. At the mement with the Rupee hitting all time high, IT stocks are under performing. They have failed to capitalize on the Bull Ru...

  • Investing for beginners?

    Hi Chuck, Depending on your age and how much you can invest over time is an important factor. Consider mutual funds; there are funds with very low fees -- this way you will have professional mana...

  • I'm in Singapore and I want to buy U.S stocks..can I still use online brokerage like Scottrade, Firstrade etc?

    Yes you can. Access to the US market is pretty standard these days and you should have no problems trading from Singapore (apart from the time difference). When you open an account you will be ...

  • Philippine Stock Index - Up and Downs ?

    No, I would not sell. Asia I believe will cater to the next bull market of the upcoming decade. I would continue to buy stocks based in Asia, and this includes the Philippines and China, the voliti...

  • What do u mean by volume in share market. and how it calculated?.?

    Volume just tells you how many shares have been traded in a given period of time. For example, if you have a volume of 1,000,000 in one trading day, this means that 1,000,000 shares were bought and...

  • I'm labeled as a Pattern day trader. WTF?

    Basically, you made new trades when the prior trades didn't settle. My advice would be to let the old trade settle before making new trades. Stocks settle in T + 3 or 3 business days after t...

  • Is it good to do share trading? If yes, how to start?

    Yes, First you must open a DEMAT account with a Bank or a Broker, then you can start investing in shares. vist: www.sharekhan.com

    ...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster