as i say: value investing is the way to go for guaranteed money (i can attest to that)..but here is a passage i read in "the intelligent investor" by benjamin graham - a great book i recommend:
"the average doctor maybe more likely than the average widow to become an enterprising investor. He has one important handicap, however -the fact that he has less time available to give to his investment education and to the administration of his funds. In fact, medical men have been notoriously unsuccessful in their security dealings. The reason for this is that they usually have an ample confidence in their own intelligence and a strong desire to make a good return on their money, without the realization that to do so successfully requires both considerable attention to the matter and something of a professional approach to security values."
the lesson is: never rely on your income to determine how wealthy you are. in fact, a good way to determine wealth is multiply age with annual income (not including inheritance) and divide by 5. thats how much you should be worth.
just dont spend all you money like most medical men....aint that right inasero?
"the average doctor maybe more likely than the average widow to become an enterprising investor. He has one important handicap, however -the fact that he has less time available to give to his investment education and to the administration of his funds. In fact, medical men have been notoriously unsuccessful in their security dealings. The reason for this is that they usually have an ample confidence in their own intelligence and a strong desire to make a good return on their money, without the realization that to do so successfully requires both considerable attention to the matter and something of a professional approach to security values."
the lesson is: never rely on your income to determine how wealthy you are. in fact, a good way to determine wealth is multiply age with annual income (not including inheritance) and divide by 5. thats how much you should be worth.
just dont spend all you money like most medical men....aint that right inasero?