Many people ask me, what are the best financial strategies to make sure that my life is a success in the finance department? Well there are a lot of strategies that you can embark upon and we’ve described a number of them here, but all of them have the common one thing: Long term thinking, and this is by far the biggest thing that needs to be in any person who wants to achieve long-term financial success.
The first strategy is to make sure you have the skills to be employed, don’t do things like signing up for a genders studies course but instead sign up for challenging STEM (Science, Technology, Engineering or Mathematics) courses that pay well in the long run, even though gender studies may be an easy class it’s not a good class to take.
The second strategy is to make sure that you don’t overstretch yourself, don’t go out of your way to buy things that you cannot afford, don’t buy things like expensive watches, houses, cars if you are living in a one-dollar house in Detroit for example. People who engage in such behavior often end up the worst of all in terms of financial health.
The last strategy is to make sure always to invest any spare money you can in the stock market, the stock market will rise in the long run and you will always gain money in the long run. Make sure to save at least 20% of your disposable income in order to invest in the stock market or any safe long-term investments like equity markets or mt4 so your money will grow and multiply over the years to be more and more. Do make sure to invest wisely though.…