Six Suggestions for Boosting Your Wealth Through Investing

Happy December.  Hoping you had a wonderful Thanksgiving. I know I did, being with family and celebrating my birthday was enjoyable and made for great memories.

This month I’ll share how you can boost your wealth through investing. It’s a hot topic right now, and I felt it was a good time to bring about some clarity.

Everyone has different money experiences and how their finances work within their life. Do you find that money is on your mind in one form or another? Ever lose sleep or say no to an invite due to your lack of funds? What would it take to put you in a better situation where you could become more confident about building wealth?

There are choices we make daily that help or hinder us from reaching our financial goals. One reliable way of growing your wealth is by investing in the stock market. Some people avoid investing because they believe that a large amount of money is needed to get started. This is far from true. It’s not the size of the investment but the action of you deciding to invest which makes a difference.

Money makes money, so start thinking, tracking, and investing your money now. It’s not too late to start having your money work for you. With an open mind and a clear plan, you can become less stressed about your finances. Take some time to assess your spending habits and review your current financial portfolio. By evaluating what you need, you can improve your existing portfolio and sustain your wealth over the long term.

You can evaluate by keeping a written track record of your finances. This will allow you to know where you spend your money and enhance your ability to make informed decisions. When you have a bit of historical perspective, you can better understand where to invest your money and how your spending decisions impact your overall wealth portfolio. A plan is essential when you invest, but you also want to include a rainy-day savings plan that you can turn to if any unexpected life surprises.

When you create an investment plan, you will be more relaxed and better prepared for life’s challenges. Start by deciding your investment goals and determining how much time you have to reach them.  Write these goals down and review them on an ongoing basis.

You don’t need a finance degree to be prosperous. Instead, create the time to learn what it will take to master having your income work for your benefit. You can learn simple trading strategies along the way, which will work to advance your money-making investing skills. These acquired skills will enable you to become a competent, successful investor. I can help you if you need support.

As your confidence with money grows, you will notice quick decisions are sometimes necessary for an ever-changing market, so it is wise to incorporate a level of flexibility with your investments. With this in mind, it’s good to begin preparing yourself to make calculated and informed decisions when the unexpected occurs.

Remember, the market can move very fast. If the stock market is rising, it’s much easier to make money; however, there are many more challenges when the market is falling, and different decisions are needed. Those decisions are made easier with experience, which comes when you have taken the time to research and actively engage with the market over a period of time.

“When wealth comes, don’t spend it all.” ~Benjamin Franklin

What action can you start today to improve your investment process? Ask yourself, where do I want to be 5 -10 years from now? If you continue doing what you’re doing now, will your plan take you in a good direction to achieve more wealth?  Will it enable you to move closer to creating the future wealth portfolio you desire? By adding small steps to investing, you can achieve what you desire. It’s not ever too late to start. Now is a great time to build and sustain your wealth. Start using the insights listed below.

Six Suggestions on How to Boost Your Wealth Through Investing

1. Develop a plan that allows your money to work for you and your lifestyle. Visualize it happening and see your wealth expand.
2. Find a trading approach that fits your current lifestyle and supports your future aspirations while also matching your comfort level.
3. Keep away from using the money you’ve tagged for investing for your day-to-day living expenses leading to poor decisions and excess stress.
4. Avoid placing too much money in any one investment if something occurs that you were not expecting.
5. Don’t allow the fear of making a mistake to keep you from investing. Learn from your mistakes. You can make money without being right all the time.
6. Decide you will not be stubborn. For instance, you are holding on to an investment too long when it’s not profitable or when it’s going against you.

Building wealth requires planning and then taking action. Make it your intention to take the necessary steps for your financial future. Go into investing with the mindset of not being too attached and worried about the outcome. You will improve with time, and you can make needed changes as you move through the process. Small steps will change your financial situation for the better. Invest in your future, and watch your wealth grow.

When you take responsibility for your finances and build consistent growth for your financial future, you will find yourself becoming less worried about your future. Peace of mind is priceless and achievable. When you are proactive with your money decisions, you will see possibilities that you didn’t see before. The best part is that over time you will finally have a wealth portfolio that reflects your diligence, hard work, and the trust you’ve gained in yourself.

If you like this article, you will love my free report Grow and Sustain Your Wealth Click here

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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