The Bogleheads Guide To Investing

February 8th, 2012 by admin No comments »

The Bogleheads Guide To Investing is written by John C. Bogle who is the founder of The Vanguard Group, the biggest mutual fund company in the world. John Bogle founded the first index mutual fund in 1975 that tracks the performance of 500 biggest companies of America.

John Bogle has devoted his life creating a system that helps investors receive a greater return on their investments. Bogle wrote this book to help investors to achieve their financial goals by teaching them how to invest safely. The advice in this book is very solid and almost impossible to argue with.

After reading this book and following the simple advice given in this book, anyone can become financially free. If you invest in the low-cost index funds regularly for the long term, your financial success is guaranteed. The book is filled with useful information and advice on how to take initial steps in the investing.

It is not get rich quick book instead this book suggests that you should start investing early in your life and keep investing every month till you achieve your financial goal.

1. Choose A Sound Financial Lifestyle

There are three common types of financial lifestyle.

First type is the Borrowers, who pay everything with the credit cards, they buy house without any down payments, and they take full car loans to buy fancy cars.

The second type is the consumers, they spend all their income every month, they live pay check to pay check, whenever they get pay raise they buy bigger TV or new car.

The third type is the keeper, they are wise people who save some money each month from their paycheck and invest their savings in wise investments.

What’s your financial Lifestyle?

2. Start Early And Invest Regularly

First of all you should learn to spend less than you earn. If you are saving at least 10% of your savings, then it’s time to start investing. Your money will work happily for you if you invest your money for the long-term in safe investments like index funds.

The earlier you start saving in your life, the more time your money will have to show the magic of compound interest. » Read more: The Bogleheads Guide To Investing

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Book Review: The 21 Absolutely Unbreakable Laws of Money

February 8th, 2012 by admin No comments »

The 21 Absolutely Unbreakable Laws of Money is written by Brian Tracy, who is a very famous motivational speaker and has written many Best-selling books like “Maximum Achievement”, “Eat That Frog!” and “Goals!”. In his early 20s, Brian spent several years working as a laborer and then he got a good job which gave him opportunity to travel around the world for 8 years. He visited more than 80 countries.

He always wondered why some people become so successful while other spend their whole life in poverty. He decided to ask other successful people how they became successful, what steps they took.

He interviewed successful business owners, self-made millionaires to find the real secrets of the money and he summed up all that in this amazing book. These rules are easy to follow and anyone who will follow these rules will surely become successful and wealthy.

1. The Law Of Cause And Affect

This is the first rule that says, everything that happens in our life, happens for a reason. There is a cause for every effect. The law says that all achievements, happiness and success are directly or indirectly related to some specific steps or actions that we have taken towards them.

This means that if you do the things that other people did to become successful, you will get the same results. You can achieve anything by taking the same steps that the others have taken to achieve that particular thing.

For example if you want to learn a new language or improve your typing speed just do what others have done who are good in that language and in typing. If you do the same you will get the same results.

2. The Law Of Belief

This law says whatever you believe will become your reality. If you believe that you can achieve financial freedom like millions of other people have achieved, you will surely find the ways to become financially free.

Whatever you believe and expect to happen in your life, will eventually happen in your life. If you expect good things to happen in your life, » Read more: Book Review: The 21 Absolutely Unbreakable Laws of Money

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