Don't Become A Financial Stupid

  
     
  By: Alex Yim  
 

Are you wondering that how the rich people became rich?

Maybe this is one of the most asked questions these days (economical recession) or even sunny days (because poor people get more depressed when others are doing very well.

Eventually everyone is getting the information on how to do it almost every day from so many resources like TV, newspaper, internet and so on. But the result is totally different. Because only a few people get the information in right manner and apply them to their financial plans. Others don't. That's why most of the people including you are not rich.

Are you investing your most part of the money to mutual funds or stick market or real estate? What do you think about these things? Are you afraid of losing the money when the market is going down? Are you afraid of your real estate's value's decrease? So are you comfortable to live with bank's saving account or GIC?

If you think so, it is good idea for you to completely forget about becoming rich and finish your long life with frugal, poor and humble. This is the life of poor, humble people.

1. Put the extra money to saving account or GIC.

2. Put your tax-saving plan to saving account or GIC.

3. Rent the house, never buy house.

4. Never try to have own business and try to get full time job.

Looks like the life style of innocent people? This is the actual life style of financial stupid.

There are so many financial stupid in the world but actually some of them really make good money from their full time job. But it is guarantee that they will lose their job eventually (some people say they will retire. But no different between retire and fired in financial situation). These stupid always worry about their job but its no help because no company in the work wants to keep or hire the 65 years old grandpa!

If you are not stupid and understand what I am trying to say, you got it.

These are the first steps to become the rich in the future.

1. Give notice to your landlord that you will move out.

2. Buy your house and minimum down payment (Now mortgage is very low. It is good idea to get the mortgage this time.)

3. Move your extra money (if you have) to the financial investment account. You should study and research the mutual funds, sticks, bonds for yourself and decide where you should invest.

4. Research on how to open and operate your small business using your background and experience.

Always be smart!

http://www.smartsaving.ca/



  
  Article Source: http://yourfinance.co.za   
     
 
About The Author
Specialized in computer science, having experience and background of web site and web application development and management using IBM Lotus Notes Domino, HTML, Javascript and other web development tools. Currently operating the interactive website Smart Saving Canada to provide coupons, deals and freebies for Canadian.
 		  
     
 
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