Good & Bad Habits – Investing

Caregivers are often called upon to help with physical and financial matters. Another bit of wisdom from my hubby. I’m thankful to have someone watching over not only our investments, but also those of my mother and brother, who are unable to make those decisions.

Know Your Flocks & Herds

Proverbs 21:20 (ESV) – “Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.” Do you live this and do your children and grandchildren see this in your life choices? Your habits often become the habits of your children. What do you think about that?

A successful investor has at least these six good habits and an unsuccessful investor does the opposite. The good habits are:

  1. Have a plan and use it.
  2. Don’t spend every penny you receive.
  3. Ignore the crowd. Stick with your plan. The crowd doesn’t plan.
  4. Don’t put all of your eggs in one basket.
  5. Don’t spend more for an investment than it is worth. Keep maintenance costs low.
  6. Think about others. This isn’t an exercise to build a bigger barn or take 365-day vacations. Put this in the plan.

Most people don’t even do the first habit. As a result…

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Author: barefootlilylady

Wife of one, mother of 2+2, and Grandma of 6 (3 girls and 3 boys!) and full-time caregiver for my sweet Momma with Alzheimer's. Passionate about Jesus, grandkids, Awana Clubs, gardens, quilts and cooking.

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