You can have
financial freedom and financial security. Money blueprint is the mental wiring
of how you relate to money. How are you programmed to be a compulsive spender
or a compulsive saver? In the Millionaire Next Door by Thomas J. Stanley Ph.D.
and William D. Danko Ph.D. states “
Wealth is more often the result of a lifestyle of hard work, perseverance,
planning and , most of all, self-discipline.” Webster’s dictionary “Frugal is
defined as “behavior characterized by our reflecting economy in the use of
resources.” The opposite of frugal is wasteful. To reach your goal of being
financial freedom through saving and investing takes discipline and you have to
increase your financial IQ. Learn how to read financial pages and learn how to
minimize and manage the risk in investing. 
Investing in
the stock market can be risky but you have to learn how to manage the risk.
Learn the different between New York Stock Exchange (NYSE), the American Stock
Exchange (AMEX) and the NASDAQ. The
Chicago Mercantile and Chicago Board of Trade which both are option and
commodity exchanges. The Minneapolis Grain Exchanges Trade exchanges in grain.
Global trade markets (TSE) Tokyo Stock Exchange, the Frankfurt Stock Exchange.
Learn how they function.
Choose an
investment style whether it be technical analysis and fundamental analysis or supply
and demand. A technical analysis looks
at the price movement of a security and uses this data to predict its future
price movements. Fundamental analysis, on the other hand, looks at economic
factors, known as fundamentals. The law of supply and demand defines the effect
that the availability of a particular product and the desire (or demand) for
that product has on price. As you choose
your style of investing become proficient by taking classes, courses, online
classes, read books and study to increase your knowledge.
Choose your
investment vehicle stocks, bonds, mutual funds or an exchange-traded fund (ETF)
is an investment fund traded on stock exchanges, much like stocks. An ETF holds
assets such as stocks, commodities, or bonds, and trades close to its net asset
value over the course of the trading day. Hedge funds a hedge fund is an
investment vehicle and a business structure that pools capital from a number of
investors and invests in securities and other instruments.
Portfolio
A portfolio
is a collection of mutual funds, stock, bond, and other investment you own. As
you learn how to manage risk you can build wealth through investing. It take
time and knowledge to become an expert investing. You have to increase you financial
IQ.
Resources
Books
The Millionaire Next Door by Millionaire Next Door by Thomas J. Stanley Ph.D. and William D. Danko Ph.D.
Guide to Investing by Robert T. Kiyosaki with Sharon L. Lechter
The Business School by Robert T. Kiyosaki with Sharon L. Lechter
The Warren Buffett Way by Robert G. Hagstrom
The Warren Buffet Portfolio by Robert G. Hagstrom
Buffettology by Mary Buffett and David Clark
Tools
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