Investment
Misconception
It takes a lot of time, specialised knowledge and money to
be a successful investor
Investment
Realities
It depends on your perspective. How much time do you spend
in front of the TV each day? Suppose you spend two hours a
day - that would be 14 hours a week. Surely, you can break
away from the TV for one or two hours a week to read and pick
up useful information that will help insure your future? Surely,
you can spend another hour constructing and monitoring a financial
plan?
How
do you start? What is your first step to being an investor?
The first step is to construct a financial profile, which
has two parts - a balance sheet and an income statement. A
balance sheet measures your overall financial situation -
your assets minus your liabilities while your income statement
gives a picture of your average monthly expenses. Taken together,
they are powerful tools to help you gain control over your
financial future.
Let's
visit Aziz and Lisa and compare their balance sheet and monthly
income statement with yours.
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