What do you think your best first investment should be?
- Bank Savings?
- Internet Stocks?
What investment would guarantee you returns betweens 6%-27%, better in some cases. It is extremely difficult without some experience to guarantee returns like this using traditional investing approaches. Yes, skilled investors can achieve much greater than this. Are you a skilled investor?
Are you in personal debt in any way?
If yes, your best first investment is to get yourself out of personal debt. Pay off your credit card, if you don’t have one, pay off your personal loans, if you don’t have any, go you!
If you have any short term loans, get some help.
I’d recommend borrowing the following books from you local library:
- I Will Teach You to be Rich: No Guilt, No Excuses - Just a 6-week Programme That Works
- Rich Dad Poor Dad
- The Richest Man in Babylon
Wealth is not about money, wealth is about options, options to do things you love with people you love.
Edit Jan 13th 2020
Upon reflection I missed it…
Of course the above is about financial investment, but we can’t forget about our other investments.
If the best investment is an investment in yourself, then your best first investment must be an investment in your health. Your Physical, Mental, Spiritual, Emotional Self. Without your health everything else is irrelevant. Optimise your lifestyle before your bank balance. Health before Wealth. #anabundanceofcaring
Then, perhaps, you should consider how to make investments in your relationships…