Why is this noteworthy? Because when she was first looking to build her assets and had her dream, all of her friends and some of her family told her that the only way she could hope to have a seven-figure or higher net worth would be to marry a wealthy man. Decades after the sexual revolution and nearly a century after women’s suffrage, these comments were almost always from other women. While the root cause of this is a matter for psychologists and sociologists to debate, the practicalities of building a successful investment plan are squarely in our circle of competence here at Investing for Beginners. This seven part step-by-step will provide you with some of the thoughts I gave my young friend when she was starting her journey. My hope is, they will help you live the life of your dreams!
The goal of investing should not necessarily be to get more money as fast as possible. Instead, it is to provide a means through which you can grow the assets necessary to allow you to live the life of your dreams. For some people, that means working from home so you can spend more time with their kids; for others, it may be generating enough cash each year to pay for a month-long trip to another part of the world.
Because you put aside your first dime, you should try to find out what your “number” is – that is, the figure that will allow you to accomplish those dreams. Often, you may find it takes far less than you expect because many goals have nothing to do with money – learning to play piano, reading more, learning to paint, etc.
