Saturday, January 04, 2020

"Baby Steps"

      This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start.

      Dave Ramsey empowers you to use baby steps to get debt free, or another way to put it is to get back to even. A very strong strategy indeed and that same "baby steps" can be applied to building wealth.

     Being "debt free" is the same for everyone (zero is zero) but "building wealth" is different for everyone. " Wealth" is in direct relationship to what you already are used to.

     $1,000,000 is not wealth to Warren Buffet, $100,000 is not wealth to an ordinary millionaire, but $10,000 can mean wealth to many people, $1,000 means wealth to someone that has never had $1,000 that didn't need to be used at some point to pay bills.

     My point is, WEALTH is money that  is free and clear of any eminent financial obligations.

     To me, opening and USING a stock brokerage account to buy and sell stocks is a "great baby steps" way to build wealth.

     I will show you how I do it, my trades are "MY TRADES" and NOT trade recommendations for anyone and are just to show what is possible.

     I post every day the market is open and "time-stamp" any new information for that day. Check back often for my updates. One of my trades might even give you a "good laugh" from time to time.

     Sit on your butt for another year and come back and realize that you could have been in better finiancal shape had you taken action.

Disclaimer, I am not a professional.




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