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The Wise Investor

The second step involves saving. Saving part of
your income is a necessary step in achieving
financial independence.
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 investment does not involve
large risks, luck or large amounts of skill.
It does, however, require knowledge of the
principles of wise and successful investment.
Although they are simple, few people understand
these principles fully.
This is the third step, Kate, and the one where
many people fail.
Listen to the things I tell you, and I will teach you
how to invest your money wisely and safely, and
how to increase your wealth for the future."