The little things that can make a big difference in your investing [infographic]

With investing, as in most areas of our lives, it’s the little things that can make a big difference.

And this is clearly shown in the infographic below from Motif Investing.

They recommend 4 investment strategies to grow your wealth faster:

  1. Spend less than you earn and save the difference – and they give an example, if the money going towards a $4 latte each day was invested, it would amount to $25,994 in 10 years or $440,198 in 40 years.
  2. Start saving early so you can benefit from the power of compounding.
  3. Diversify – don’t put all your eggs in the one basket
  4. Watch your investment expenses -these can eat away at the bottom line. Keep in mind that the investment industry is designed around taking a portion off of each dollar spent, and that this money helps employ millions of people around the world. These fees, commissions, and other extras certainly add up.

investment-strategies-to-grow-wealth

Source: Motif Investing



Want more of this type of information?


About

Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been once agin been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'The little things that can make a big difference in your investing [infographic]' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

0
0

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!