The above areas can only be accomplished with the correct amount of time spent to learn about yourself, investment risks, investment rewards, investment strategies, and many other aspects of investment knowledge. Use all of the resources available to you to learn which market is best for you and then all of the concepts and strategies of that particular market before you begin. There are many articles and links on Hideen Scaloing Code The Savvy Investor but don not hesitate to find other resources such as books, magazines, and financial journals to help you out.Set clear goals and write them down- Develop financial goals for 1 year, 5 years, 10 years, and long term. It is extremely important that all of your short term goals help you to reach your long term goals because that why we are doing all of this.
Any good plan must be realistic. In the area of investments the rewards can be great but only when they are done one step at a time. Therefore, once you have more research into the opportunities available to you, go back and fine tune your goals. Once you have done this make sure you write them down and keep them in a place that you can easily refer to them.Now that you have goals it is time to take your first step to make them real and attainable. Share your goals with someone in your family. Whoever, in your family that will be most effected by these goals. They must be involved because they are going to be your support and motivation.Create a financial plan- Now you need to create a financial plan to reach your short term goals.