What’s Your Bigger Financial Motivation – Or Do You Even Have One?

All of us have at least one reason why we get up and go out (or work from home) to try to make a living.  For most of us, it’s survival:  paying for food, clothing, or shelter.  For a growing number of others, it also involves getting out of debt.  Unfortunately, for most of us, our financial motivation is not much beyond that, aside from buying stuff to fill our homes and/or going on trips, both largely in an attempt to escape the mundane.

So, what motivates you to make a living?  Are you trying to get ‘filthy rich’ someday, whatever amount that is and whatever that means?  Is it simply to pay for the basics and to have a bit left over to buy and/or do something nice from time to time?  Are you simply in survival mode – or, in survival mode plus a mountain of debt?  Are you the rarest type who is looking several years, even decades, beyond today and actively planning for then?

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Giving Your Kids a Financial Leg-Up

Although this is a blog about stock investing, sometimes it’s useful to look at different types of investment of arguably much greater value.  In this case, I will be offering some very practical ideas on how you can invest in the future of your children based upon how my parents, especially my mom, invested into mine.  Even if you don’t have any children of your own yet but plan to, you can learn some very useful advice if you choose to read on.

It is becoming harder in our western society for young people entering adulthood to have any sort of financial advantage going in.  There are many factors against them.

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Taking the Emotion out of Investing

Even though this is a blog about stock investing, the principles in many of these posts relate and can translate to success in any form of investing in other areas of life:  education, relationships, and so on.  Really, what point is there to becoming a successful stock investor if you can’t also learn things that make the rest of your life better and of those around you?  Although stock investing can be fun and very rewarding once you learn about and understand it, which also involves getting over any myths and hang-ups you might have about it, there are far more important things to life!

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Overcoming the Debt Mindset

It can be argued that the concept of saving is largely a lost art.

From a developed-world perspective, there is no longer a stigma attached to debt like there was a few decades ago, so people merrily spend their way into multiple forms of debt without thinking about the future consequences.  The ideas of penny-pinching, not buying what you don’t have the cash for, and other forms of saving and frugality – with the goal of someday building a nice nest-egg of savings – have been lost in this world of abundant and easy credit.

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Why Am I Holding on to Some of My Losers?

There is a range of opinions about how to handle a stock that isn’t quite panning-out the way you had hoped.  Some people will tell you to hold on at all costs and for as long as possible if you still believe in the long-term outlook of the company.  Others will advise you to cut your losses short no matter what, after a 15-20% loss in the case of one of the stock-investing-advice services that I’m subscribed to.

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