Live and breathe like a smart investor

Time for a smart investor pep talk. We tell you what you need to know to start investing wisely.

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A lot of people think they can’t invest, but you can! A smart investor lives and breathes investment opportunities.

They know their goals and are committed to achieving them.

They have the strength to resist excessive spending.

And they have the confidence to take courageous financial leaps as they build their wealth to create the life they desire.

You may think there’s no way you could do this. But you can.

But the decisions you make – or don’t make – now will have an impact on your life that can last decades.

You have the power to take control of your financial future.

You just need to harness that power.

Yes, there is risk in investing. But if you do your research and arm yourself with information you can make the best investment decisions possible.

So, how can you become mentally, emotionally and physically ready to invest your money and grow your wealth?

Do your research. Understand the macro and micro influences on the investment you’re considering such as property or shares.

Adopt a long-term view. Don’t expect returns overnight. It takes time and patience to reap an investment’s financial rewards.

Be committed to your job. Invest yourself emotionally and strategically. Think of yourself as a problem solver and see what difference this can make to your career and your income.

Start a business. When done right, this can give you more control over your income and financial future. But it’s important you don’t act on an ill-thought-out entrepreneurial “brainwave”. Research your idea thoroughly and crunch the numbers.

Cut back your spending. Address your bad spending habits and addictions. Over time, they can significantly reduce your wealth.

Supplement your income. Take on part-time work or freelance on the side. Use your earnings to invest or pay off debts.

Create partnerships. With support from people around you, you’re more likely to reach your goals. Start with your partner: cherish them, seek their input and don’t take them for granted.

Create your Winner Circle. Seek people on the same financial path as you so you can encourage and support each other.

Improve your knowledge. Turn off the TV. Read as much as you can. Understand the world around you so you can make informed decisions.

Stop the negative talk. You are good enough. Start your new life with optimism and courage.

Investing takes time and effort, but your financial future is worth it.

Remember, luck is 99 per cent work and 1 per cent chance.

The odds are in your favour.

Arm yourself with information, put in the hard yards and watch the opportunities present themselves.

And remember to always seek financial advice.

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