(Tom: There are some good tips below but I will trump them with this one.<\/p>\n
I worked as an insurance agent for AMP for 12 years. THE most important investing tip I learned from my time there was, \u201cInvest in your own income earning potential.\u201d<\/p>\n
You can only ever invest a portion of what you earn. If you earn 4 times as much you have a LOT more to invest!)<\/p>\n
Josh Gwin writes:<\/p>\n
in 2013 I had my money with a financial advisor.<\/p>\n
The market went up 27%.<\/p>\n
My investments went up 0%.<\/p>\n
I asked my guy why and he said, \u201cYou said you didn\u2019t want to lose money so I put you in very conservative investments.\u201d<\/p>\n
I started learning to manage my own investments the next day.<\/p>\n
Here\u2019s what\u2019s worked for me:<\/p>\n
Spend less than you earn.
\nInvest the difference in S&P 500 index funds. I use VTSAX primarily.
\nKeep expenses ratio low (easy if you invest in index funds with no financial advisor).
\nAutomate your investing.
\nI have a percentage of every check I get automatically go to buy index funds.
\nAvoid any financial advisor that charges by assets under management (AUM).
\nRead Jim Collins stock series.
\nMarry the right person.<\/p>\n","protected":false},"excerpt":{"rendered":"
(Tom: There are some good tips below but I will trump them with this one. I worked as an insurance agent for AMP for 12 years. THE most important investing tip I learned from my time there was, \u201cInvest in your own income earning potential.\u201d You can only ever invest a portion of what you … <\/p>\n