“Free Advice is often Overpriced.”~John William Mackail
Most of you came to the Earn More Spend More Group to learn about earning money, not saving money. But, once you have earned your money, you want to save at least some of it. So, read on, and feel free to leave a comment at the end.
How can I, without knowing who you are, offer you a tip that could save you thousands of dollars? It seems like I am going out on a limb on this one. What are your interests, your dreams, your goals? I don’t know, but I can offer you one tip that could easily save you thousands of dollars. How do I know? Had I followed the advice I am giving you, I would be several thousand dollars richer!
Some time within the next month, year, or several years you will have the opportunity to make an investment. It will look like you can earn tons of money; maybe more! It could be a great deal. It is a great plan; with the right people behind it, at the right time, and NOW is the time to make that investment. There is no time to waste! You will earn more money if you invest today. Tomorrow may not be nearly as good as today.
Investment Criteria that Could Save You $1000s
There are going to be good opportunities to invest—and bad opportunities. How do you know which is which? One never knows for sure, but here are some ideas that might help you make a good choice:
- If the person presenting this plan wants you to spend important money and tells you, “Get this now; tomorrow may be too late!!!—RUN (don’t walk) AWAY!
- Find someone knowledgeable about the field whose advice you trust. Ask her/him about this investment. When a plan looks reasonable, our instinct is to get it. Tomorrow we may regret it.
- Research the company/opportunity. Is it what she/he says it is? There are many slick salesmen who are skilled at gaining your trust; and can make you think they are your best friend. He/She will ask you about your goals. He/She will be more than helpful. How much money would you like to earn? Or your friend, who is sharing the concept with you and actually believes it may be misguided. You may actually be doing your friend a favor by sharing your research the next day. Even though it may be painful, you may be keeping him/her from becoming more involved than he/she already is.
- Think really hard about this idea. Then take a walk, take a nap, or do mindless work. In other words—do nothing! You will be amazed at the answers your inner self (subconscious) can give you.
The Tip; Think Before You Invest
There are always going to be good opportunities to invest. There are investments that will earn you money and be consistent with your goals. But, there are many bad ones. Don’t let your impulse make your investment decision for you. Do your due diligence. Don’t be pressured into a “now” decision, look to a trusted advisor, do your research, and let your inner self (your subconscious) assist you.