I am sure many of you want to be rich.
But many of you are also employees and depend on a monthly paycheck for survival. There are many blogs, books and forum threads out there that promise quick ways to get rich. They often propose one strategy or the other. Many of them are often too complex for the average layman to understand.
Through this blog, I hope to be able to write simply and propose a viable investment strategy that is easy to understand and execute.
Of course, before I begin, I must first issue the caveat: there is no risk-free investment. There are only investments that are less riskier than others.
With that in mind, I shall share with you my strategy. And of course, if you think there are easier to understand or better ways in investing, please feel free to leave a comment.
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As the title of my blog shows, the topic of my blog entries will centre on how to derive a stable paycheck. I am your average joe. I work a 8.30 to 6 pm job. I take a monthly salary and in good years, receive a bonus. I have never thought about making it rich and I never studied finance or economics.
Like many of you out there, I am often confused by the different investment strategies on offer. Any serious investor would have pored through theories by Warren Buffet, read the get rich schemes by Adam Khoo, scan through finance pages in the Straits Times and Business Times and even go through investment tombs in bookshops and the public libraries.
More often than not, after reading the wealth of literature available, you are none the wiser.
You see, investment is actually very simple. You got to ask yourself. What sort of investor are you? Are you a conservative or an aggressive investor? Do you want to get rich quickly or build up wealth over time?
Thereafter, you got to ask yourself. Is it feasible to get rich quickly? Has there been anyone out there that you know that are millionaires overnight?
Once you recognise that money doesn't fall from the sky and you have to work hard for it, you will be at inner peace with your desires.
Investment is certainly about controlling your greed.
What I will be proposing in this blog is a two-prong get rich strategy. 1) keep your day job 2) invest in dividend-paying stocks.
What is new you say?
Well, sometimes in our eagerness to get rich, we miss the forest for the tree. Nothing in this world is as certain as death and taxes. What follows is a need to live your life, get a job and invest.
I will not dwell on getting a day job as this is something that you MUST do to get some form of wealth.
What I will touch on is what to do with your monthly paycheck.
In my next post I will tell you how.
But many of you are also employees and depend on a monthly paycheck for survival. There are many blogs, books and forum threads out there that promise quick ways to get rich. They often propose one strategy or the other. Many of them are often too complex for the average layman to understand.
Through this blog, I hope to be able to write simply and propose a viable investment strategy that is easy to understand and execute.
Of course, before I begin, I must first issue the caveat: there is no risk-free investment. There are only investments that are less riskier than others.
With that in mind, I shall share with you my strategy. And of course, if you think there are easier to understand or better ways in investing, please feel free to leave a comment.
========
As the title of my blog shows, the topic of my blog entries will centre on how to derive a stable paycheck. I am your average joe. I work a 8.30 to 6 pm job. I take a monthly salary and in good years, receive a bonus. I have never thought about making it rich and I never studied finance or economics.
Like many of you out there, I am often confused by the different investment strategies on offer. Any serious investor would have pored through theories by Warren Buffet, read the get rich schemes by Adam Khoo, scan through finance pages in the Straits Times and Business Times and even go through investment tombs in bookshops and the public libraries.
More often than not, after reading the wealth of literature available, you are none the wiser.
You see, investment is actually very simple. You got to ask yourself. What sort of investor are you? Are you a conservative or an aggressive investor? Do you want to get rich quickly or build up wealth over time?
Thereafter, you got to ask yourself. Is it feasible to get rich quickly? Has there been anyone out there that you know that are millionaires overnight?
Once you recognise that money doesn't fall from the sky and you have to work hard for it, you will be at inner peace with your desires.
Investment is certainly about controlling your greed.
What I will be proposing in this blog is a two-prong get rich strategy. 1) keep your day job 2) invest in dividend-paying stocks.
What is new you say?
Well, sometimes in our eagerness to get rich, we miss the forest for the tree. Nothing in this world is as certain as death and taxes. What follows is a need to live your life, get a job and invest.
I will not dwell on getting a day job as this is something that you MUST do to get some form of wealth.
What I will touch on is what to do with your monthly paycheck.
In my next post I will tell you how.
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