This post
is about 5 different categories where all investors fall in. Reading this post
will give you a fair idea of where you stand as an investor so you can make
informed decisions to better your situation as an investor.
Over
the last decade, I have been committed to studying financially successful men
and women all around the world. I have been trying to determine the common
denominators that make them successful.
One
common trait I have observed in most of the financially successful people is
that they invest their money before they use it.
What
happens is that when these financially smart people invest their money in
income generating assets, those assets in return generate more income for them.
I have
done some research for you and have come up with five different categories that
I think is important for you to note.
Why is
this import?
The
reason is simple. You may find yourself in one of these categories. Knowing
that, as I assume, will help you determine where you stand as an investor so
you try to better your level by increasing your knowledge, re-conditioning your old belief systems and to be a responsible investor.
Here I briefly discuss the different levels
of investment. You can read the full article in Ian’s Freelance Site.
1.
Category One is
the level of those who LACK FINANCIAL INTELLIGENCE. Unfortunately, majority of the population fall under
this category. This lot don’t give a damn, what happens to their money. They
get it-consume it- and wait for new one. Their daily live is full of financial
stress. They are very ignorant to financial education.
2.
Category Two are SAVERS. They have good amount of money in their bank accounts.
They have basic financial intelligence but don’t actually know how to use their
money in their bank accounts to make money more money for them. As a result
they keep their money in the banks and inflation eats away buying power of
their money.
3.
Category Three is
the “I AM TOO BUSY” category. This lot may have fair understanding on how
savings and investment works but always say they are too busy to do serious
investment. Most of these people give their money to fund managers to manage for
them.
4.
Category Four is
the “I
AM THE PROFESSIONAL” category. This group is well versed with investment know-how and most
invest for themselves. They commit time to researching assets they want to
invest in. They seek advice as and when necessary and make informed decisions
on their investment. They then invest their money and continue to monitor their
portfolio.
5.
Category Five is cream
of the pack. THE CAPITALIST. We
are talking about people like Warren Buffet, George Soros, Donald Trump, Bill
Gates and the list goes on. This group consists of big time players in the
investment world.
Conclusion
This is a very brief summary of the full article that is available
for FREE at Ian’s Freelance Site. Serious reader is asked to read the full
article on Ian’s site.
