Man, oh man, oh man! Another month and another blessing indeed. This month the wife and I have been bestowed with the ability and privilege to invest another $2,142.16 into the market! I must say, having goals and holding oneself accountable works wonders! The portfolio has only been steadily increasing since the inception of this blog, and from all the support and love I’ve received from you readers.
This month we decided to put our hard-earned cash into none other than BP. This stock has been on my watch list for some time now. My only regret is not purchasing this gem sooner when it was trading near its 52 week-lows. But, I cannot complain! We were able to purchase 51 shares at a cost basis of $42.00 per share. This purchase added another $125.46 to our forward annual dividend income.
In order to attain wealth, you must be willing to do the things today that others won’t do, in order to have the things tomorrow others won’t have.So how can we hope to attain wealth in this world? Well surprisingly it doesn’t require much effort.
Below is a list of several techniques needed in order to attain any form of wealth.
Know your goals and write them down.
In order to become wealthy in life, one must first determine what it is that will allow them to feel wealthy. For some it’s having troves and troves of money. For others, its having flashy cars and large mansions. And for some it’s as simple as living a happy content life. We cannot hope to gain wealth and achieve success if we do not have a clear and concise goal as to what that is.
Aah, Mondays, who doesn’t love a good Monday! After all it’s a new week, a new day. A new opportunity to prove yourself. While many perceive Mondays as dreaded and dreary, I see them as a new opportunity to further my success, to start fresh and explore new opportunities. While communing to work this morning, I sat pondering something so very simple, yet something that very few including myself fail to acknowledge. How to guarantee millionaire status by the time we reach retirement.
We are all working towards, financial independence by saving as much as possible, while living as financially smart as possible. But this is because of our burning desire and wanting-ness to be free from the shackles of a 9to5. But what about the average human being who’s desires and goals are different than ours? What about the person who is wanting to reach that seven-figure number without sacrificing that seven-figure lifestyle. How can these people achieve millionaire success by the time they reach 65?
Well, I have wonderful news for you ladies and gentleman! This is as easy as it gets. Let’s take a look at how you can live your regular lifestyle without making sacrifices while still attaining millionaire status by the time you reach retirement.
Let’s be honest, this blog advertises it EVERYWHERE. It’s In my posts, it’s in the title, it’s even in the URL for heaven’s sake! Yet there’s no post anywhere about it on this site. So, without further ado, I give one of the most obvious posts. A post focused on the premise of this blog!
What is a DRIP?
(No, I’m not talking about this leaky kitchen faucet)
I know right, should have been the first post. But sometimes the most obvious things are the ones that elude us. Rather late than never!
Shout out to Jeremy over at Modest Money for bringing this to my awareness. I encourage you all to view his site. It is bursting with insightful and resourceful information to help even the most novice of investors succeed.
So, what is a DRIP? I’m sure many of you that visit this blog are already well aware of what this simple yet effective acronym stands for. But for those that don’t, do not despair. Hopefully you’ll leave here not only respecting the ways of the DRIP, but also inspired to start your own!
So, during the last year or so I started taking a keen interest in Day-trading. I have friends that do it who swear by it. I’ve even seen some of their portfolios just because I’m not one to easily trust another without hard proof. Especially when it comes to money! Needless to say, I was left speechless as some of these acquaintances showed me their staggering six figure net-worth’s only from playing the stock market on a daily basis. I have always been one for buying and holding until a company’s financials or dividends are in jeopardy. But man, oh man, this is too good an opportunity to turn down. And as a side-hustle, why not?
Starting from this month I will be taking Day-trading lessons from a very close acquaintance. This individual has increased his net-worth from $20,000 to a staggering $100,000 in less than one year. While I was always a firm believer that the house always wins, I am hoping to
With any set goal in life, its always good to take frequent inventory of progress and failures! This ensures that you are on track and in check of what you are excelling at, and more importantly, where there is room for growth and improvement. For these reasons I plan on publishing monthly progress reports to hold myself accountable to a higher degree.
So, without further ado. I give you my monthly recap.
Read one book a month – I am happy to announce I have reached this goal! This month’s read was a great book by Travis Bradberry titled Emotional Intelligence 2.0. This book gave a very nice thorough in depth explanation on emotional intelligence, and the four components that we all should master in order to gain control and awareness of our emotions. For a full review of all my previous reads, feel free to check out the Books page.
WOW! That’s all I have to say! It’s been a life changing 30 days since I went live, and am I glad I finally did. Upon taking the site live, I registered for Google Analytics. If you are running a blog and don’t have this set up, I urge you all do go right now! Sign up now and get this awesome FREE tool! I know most of you are aware of it, but if I can bring this to one bloggers awareness, consider it being worth it. This tool has been doing an amazing job of tracking blog traffic and various other metrics, which I shall cover below. But first….
Thank you to all of you amazing folks out there that take the time to visit this blog. I know you are all busy with you lives, busy with the 9to5 grind. Busy with our own issues and problems that life throws your way. But knowing that you take the time out of your busy day to read what I have to say! Man, that’s a rush of its own. So again, thank you to all of you that have managed to bring me this level of joy and excitement.
This month’s book was a short read in comparison to some of the other books I’ve read. But this was indeed a very beneficial one at that. Upon doing some research, I stumbled upon Emotional Intelligence 2.0 by Travis Bradberry and Jean Greaves. Bradberry and greaves use this book as an outstanding guideline on how one can control overreactions, relieve anxiety, cure uncertainty, and above all, leave you feeling content and in control. So, how can such a minimal read be of such great value? Well for starters; The Dalai lama himself endorsed it.