7 Tips To Prosperous Investing

Dream big and enjoy life. Start by setting goals that you are passionate about, that set you up for success. Part of the reason why people fail to reach their goals is that they become overwhelmed or allow themselves to become distracted. Understanding yourself and what you are passionate about will help you not to fall into this trap. Approaching your goal setting in this manner will alleviate any worry that may arise. Almost ten years ago, I wrote a goal that I wanted to help people be more successful in building wealth. I thought reaching my goal was well beyond my thinking. However, I knew was that it was something that I had to do, and I continue to embrace my journey.

Building your wealth through investing takes discipline and a winning mindset. If you want to be successful investing in the stock market, you need to have a strategy to manage your risk that will protect your money through a strategic approach instead of having your investment decisions guided by your emotions.

It’s easier to make decisions when your investments are profitable than when they are going against you. A well thought out plan is especially important since there are days when the stock market will experience wide swings, which can upset even the most experienced. This is why it’s best to have guidelines that you are comfortable following instead of an emotional investing approach that can leave you drained and open to poor decisions.  With a well thought out plan and a positive mindset, decisions made with a clear head and rational thinking as opposed to choices made while your emotions are controlling you. A written plan will help you avoid making emotion-based decisions sparked by the ever-changing market. Set yourself up for success by mapping out a strategy that will help you reach your goals.

Motivation is what gets you started. Habit is what keeps you going.” – Jim Rohn

You can also improve your investing by using these seven tips outlined below. If you want to strategize together or have any questions contact me here

7 Tips To Prosperous Investing

1. Create a written financial plan with your short and long-term goals. Financial planning early in life leads you on the road to prosperity.
2. Use strategies that you believe in and are comfortable to follow.
3. Limit how much money you spend on any single security that could wipe out your investment portfolio.
4. Know where your money is going. Track your monthly spending habits on a written worksheet or the computer. Notice the money you spent on items that weren’t high priorities and see if you can make small changes without changing your lifestyle and add funds to your investment account.
5. Invest in your future by starting as early as you can to save money and have your money working for you.
6. Build an investment portfolio that has flexibility and is liquid.
7. If your investment is not doing what you expected, or it’s too volatile, consider reducing at least part of your investment.

Stay focused and permit yourself to go after all the dreams and goals you have. A well thought out plan will help you now and in your future. Creating one doesn’t have to be complicated or stressful. I’m speaking from experience when I share with you that small steps turn into giant leaps over time. Build upon the foundation of creating a positive mindset. Reach out to me anytime. I’m here for you.

You can learn more in the comfort of your home about investing with my ecourse; Wealth Through Investing Made Simple. Get more info here.

To your wealth and well-being,

Bonnie

Coach, Consultant, and Author

Bonnie S. Gortler

Bonnie Gortler, Consultant, Coach, and Author specializing in Wealth and Well-Being, is a successful stock market expert who has been instrumental in managing multi-million-dollar client portfolios within a top-rated investment firm during her over 35-year corporate career. As the author of “Journey to Wealth,” Bonnie has made it her mission to share the importance of risk management and how to enjoy real financial well-being by applying the technical and mental sides of investing. Bonnie has an M.B.A. and is a certified life coach. It is through her love of coaching, consulting, blogging, and social media that she creates change in the lives of many and inspires people from around the world. Bonnie is fully committed to your personal growth and development as she shares her winning spirit and powerful techniques with you. Visit BonnieGortler.com to gain tips and insights about investing, personal development, and inspiration through her articles on Wealth and Well-Being.
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