Archive for August 2016

Save before you invest?

Save before you invest. That’s the point that Porter Stansberry of Stansberry Research says:

 

Here are  a couple of excerpts from that article:

“The simple reason most people will never acquire a significant amount of wealth is because most people lack the discipline to save money. It’s really that simple. Think about how much money you earned last year after taxes. Think about how much you saved. Was it enough for you to meet your financial goals? ”

He recommends getting completely out of debt , saving 50% of what you earn and saving $50k before investing as he states here: