When I went to my son’s parents teachers meeting, I was a bit early and I happened to witness a class that was teaching investing advice for kids. I paused and watched, fascinated that kids nowadays had such concepts explained to them at such an early age.
I stood wonderstruck as the instructor delivered her final piece of investing advice… YES! It was that exact same phrase that my dad had told me all those years ago. This teacher told those kids to never spend more than they earned.
The soundest investing advice ever given to me came from my father just after I had gotten my very first pay packet. He took me aside, looked deep into my eyes and told me in gravelly tones, “Son, never spend more than you earn.” At that time I was flush with the joy of having earned my first salary and his statement didn’t sink in. Later on when my life had run its course, I realized that it was the best investing advice I ever had.
Those simple words with all their seeming simplicity couched within them the essence of what man has been trying so hard to figure out. Investing advice it seems is not all that difficult as it is made out to be. Nor is it rocket science, understandable by some of the finest and most erudite brains of our era. Effective investing advice is really as simple as don’t ever spend more than you can earn!
Maybe you are you interested in foreign currency trading?
It is easy to find currency exchange rates listed on the Internet with your computer. Just visit a search engine like Google.com or Yahoo.com and type in the phrase “exchange rates online” and press enter or click on the Search button. You’ll get a results list of relevant currency exchange pages. Sort through the list and select a site that looks like it suits what you are looking for, and click on the link.
Next choose the country whose currency you are exchanging and then follow the directions to get the exchange rate you want. If your selected website is not giving you the results you want, hit your browsers “back” button and return to the Search Engine results list and select another website to explore.
Investing at 10% a month… sounds great huh!
Actually it’s possible to invest and get returns like this, but it’s difficult sorting out the wheat from the chaff. You can search for investing online and you’ll see what I mean… 40 million results in Google and even a phrasematch search for “investing online” reveals over 640,000 results. Try “Investment” and you’ll see 284 million results.
OK, so you want to know how you can get 10% a month, and not lose your shirt in the process, after all 10% a month is 120% a year, and if it’s compounding it is a net profit of 213%. Now, if you can get it, that is a great financial investment in any mans book, and I think you’ll agree with me there.
To find these sort of investment vehicles you need to do some research, and a lot of due diligence. There’s a lot of scammers on the Internet, especially if there is money involved. Performing due diligence involves calling the investment company, reading a prospectus if they have one (many offshore invesment vehicles won’t have a prospectus, and it is in no way essential that they do), researching the company online, trying to find any bad reports about them etc.
You should be able to talk to a real person and verify their I.D. at the very least. While this doesn’t guarantee they aren’t a scam, you’d be surprised how many companies operating online don’t have any contact information available. They have fancy websites and look professional, but don’t have any way of letting you talk with their principals.
