Six Action Steps for You to Thrive Investing

What if you could feel confident in building your wealth instead of starting and ending each day stressed about your finances? You can follow simple principles to create wealth by having clear goals and some preparation in advance.

Begin your journey by understanding why you want better finances and knowing what you will do with more wealth. You can create a financial plan that works for you and your lifestyle, knowing your plan may change over time.

You can change your methodology as you learn more and your needs change. The objective is to make a simple and easy plan you will start following and feel good about. Think big, trust yourself, and make it happen.

Investing some of your money in the stock market is one strategy for building wealth. Start with developing an optimistic investment trading psychology that includes a winning mindset. Create consistent habits that help you build a solid financial foundation.

This approach will help increase your confidence and strengthen your belief in accumulating wealth now and for your future. With more experience, you become more strategic about meeting your goals, and you will create more opportunities.

Prosperous Investing

Controlling loss is critical to growing and sustaining wealth when investing in the stock market. You will need to create discipline, a winning mindset, and be aware of risk management. Small losses are the best losses.

Since there are days when wide swings in stock prices occur, you want to take the time to develop a written investment plan that includes an entry and exit strategy. Writing down a plan before you purchase the security makes it easier for you to act if the investment goes against you. Making investment decisions can be more challenging when the market falls quicker than expected. Continue following your investment plan. Below are six action steps you can start taking now to thrive when investing.

Six Action Steps for You to Thrive Investing

1. Start investing as early as you can. Investments grow significantly over time. Invest 5-10% of your income in an investment account. I’m here to support you if you need some guidance.
2. Do not invest the money that you need for day-to-day living expenses. Doing so causes unnecessary excess stress and leads to poor decision-making.
3. Schedule a few minutes daily to develop a positive mindset. Speak kind words to yourself and do things that make you feel good daily. Start your day optimistically and focus on good thoughts.
4. Follow a simple written plan outlining small steps to stay focused on attaining your goals. Be disciplined, patient, and consistent.
5. Keep risk in the forefront of your mind. Review your investments to see if you are over-weighted in any one security. Allow for enough gain, but don’t invest more than your comfort level. If you are uncomfortable, make a change by reducing your investment in your portfolio.
6. Prepare your investment plan with an exit strategy that allows you to move part of your assets to cash or a money market account at any time.

You can feel good about planning your wealth objectives. Prosperity is yours right now. Be ready, flexible, willing, and prepared to make a change. Small changes can make all the difference. Make a few adjustments to your investment portfolio today and thrive as you see new results. Why wait? Start now.

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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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