The Wise Investor
However, wise investment is the key to your financial future,
and I will talk about this more than any other topic."
Kate sat in silence, listening carefully to everything her
â€œJohn,â€ she said, â€œwe have touched on these topics in the
past. I guess that I never really listed before though. I know
that youâ€Ÿve made suggestions in the past, but I guess that I
didnâ€Ÿt want any intrusion into my life.â€
John remained silent.
Kate was right, he thought, his previous advice had been
intrusive, and he was sorry for not respecting his
granddaughter by trusting in her own judgement.
â€œHowever,â€ she continued, â€œwhatever I am doing at the
moment simply isnâ€Ÿt working. Itâ€Ÿs that simple. And if you
can suggest anything that might help, I would be grateful.â€
"Well,â€ he said, â€œI will talk about money for a while and
letâ€Ÿs see how things go.
There are three steps you must take to improve your
finances and increase your wealth in the future.
First, you must manage your money wisely. Become
more organised in your finances, and keep a close watch on
your expenses, your assets and your debts.
I will talk at length about how to do this successfully.
The second step involves saving. Saving part of your
income is a necessary step in achieving financial
This does not have to be a difficulty task, and I will talk
about ways to make it easier.
However, no matter what your approach, you must save
a portion of your income.
This will be used to increase your wealth each year, and
set you on the path to greater freedom and security.
The third step involves wise investment. The money you
save must be invested wisely.
If you simply keep your money in cash, deposited with a
bank, then you will never achieve independence. Wise