Investing Advice

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!

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This entry was posted on March 23, 2007 at 3:28 am and is filed under invest, investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.