Business Partners at Work

SAGE FINANCIAL PERSPECTIVES FROM SAGE INVESTORS

h/t Brian Feroldi:

-- The stock market declines:

10% once a year

15% ever 2 years

20% every 4 years

30% every 10 years

 

Volatility is perfectly normal

-- Debt compounds in the wrong direction. Investments compounds in the right direction.

 

Eliminate the former. Plow everything you can into the latter.

-- Earn -> Save -> Invest -> Repeat

 

Do that consistently for 20 years and you can't help but end up wealthy

-- Compound interest is ready, willing, and able to do the heavy lifting for you.

 

But only if you let it.

-- It's always a great time to buy if your holding period is long enough

-- A short-term mindset will inevitably lead to problems with your health, relationships, investments, and life.

 

A long-term mindset will inevitably lead to success with your health, relationships, investments, and life.

-- 99% of investing is doing nothing

-- The secret to health: Exercise more and eat better

 

The secret to wealth: Save more and invest better

-- Investors focus on fundamentals. Speculators focus on price. Be an investor, not a speculator

-- Teaching your kids to be life long savers is the most important money lesson