The 3 Key Habits to Become a Successful Investor and Grow Your Wealth
There are 3 key habits you need to begin your investment journey and grow your personal wealth. They are an important first step to get started in property or other investments and to monitor your progress. I have adopted these habits over a number of years and continue to regularly review my own personal financial situation. 1) Spend Less Than You Earn Unfortunately you can’t invest if you don’t have any money! You will need to save up and there is really only one way to do this – you need to earn more money than you spend on a regular basis. Once you have excess funds available, you can allocate these to your chosen investments. 2) Track Your Monthly Expenses If you are struggling with Step 1), then Step 2) is the best way to take control of your finances and see where your money is going each month. Categorize your spending into simple groups (e.g. rent/mortgage, supermarket, eating and drinking out, entertainment, holidays, sport and fitness, other person...