Quote:
Originally Posted by MattA
We are reading and learning from your "drivel". I personally want to thank you, Greg and everyone else that has contributed to this thread. I have changed my way of thinking due to this information.
I have recently purchased a home and am working hard to get the rest of my outstanding debts paid so I can begin to work on some investing. I recently established a mock portfolio on Seeking Alpha with 1k each of about 15 companies that I am interested in. I have been following my pretend purchases and watching the news stories just as a way of becoming familliar with everything.
I know I have a long way to go but now I feel I am headed in the right direction, only wish I would have started sooner.
Thanks again
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Awesome!!
Funny about wishing you'd have started "earlier". I only wish they'd begin this education in High School.... so that people would start to budget and save as soon as they start to earn. If they would -- people could retire earlier - with more - and generally have a better life. NOTHING -- and I mean NOTHING -- beats having some extra dough. Not to spend... but to save and invest... because the sense of SECURITY is unbeatable... and the sense of SATISFACTION only leads to better decisions and even more investing.
Congratulations on buying a house! Smart move. NOW --- Don't use it as your ATM like so many millions of Americans have done. The goal here is home OWNERSHIP ---- not making the bank your master! Ownership means YOU have the title. A very nice feeling after years of hard work -- not having to make a payment! The guy across the street might LOOK like he's living better -- but you can bend over and pick up your newspaper, smile a bit -- and know that you OWN your house.
Put extra money on that mortgage beginning the first time you have some extra.... and cut that 30 years of payments down to 20.... that $500 you toss at it now -- will save you THOUSANDS in interest later. The sooner you whittle away at that principal due - the better off you'll be when you're too old to earn.
CHEERS!!!