14 Steps to Lifetime Investor Success
Chris Broome – Chartered Financial Planner
Put simply, follow these 14 steps and with a fair wind you’ll be a successful lifetime investor.
- Pay off all nonsense debt
- Take control of your expenses
- Build an emergency fund (3-6 months income)
- Insure yourself against bad health disasters
- Pay yourself first
- Invest regularly, as soon as you are paid, and more than you think
- Invest wisely (global equities aka The Great Companies of the World)
- Utilise tax allowances and reliefs
- Have a financial plan and update it annually
- Never, ever, react to the markets
- Ignore the market noise
- Understand market volatility, and if still a saver, embrace it
- Stick to the plan
- Smile. Enjoy life. It’s not a rehearsal.
