The
biggest and scariest financial decision I've made to date as I'm now 30 is
going for a hundreds of thousands of pounds in a mortgage loan for my new home
in Edinburgh. Yep, it's a huge financial commitment. With the economy's
troubles and a fearful me scared of
running out of online marketing projects,
you know it's going to be my biggest enemy.
But
then again, I have three things to prove to myself I can handle life-altering
financial decisions. Maybe these three can help you too if you're going through
the same.
A Master Of Stability
Stability
is the most important focal point of your decision. But it is also what renders
most investors stagnant.
I
understand conservative investors who don't want to lose much for their
investments. But sometimes, you have to lose some to get some.
Depending
on stability alone is unstable. I learned this the hard way when I lost money
in the stock market. But then again, I never lose completely when I decided to
stay and see where my money takes me.
And
lo and behold, this company I was holding on to just grew up by 15% in the last
three
years. Hurrah!
Looking For New Investment Opportunities
I
was never really satisfied with earning just through my job as a writer and
marketer. I have to raise two kids and it's never easy when you've got a new
mortgage and you have someone to help you with the expenses. I went into the
stock market for these new investment opportunities.
But
the stock market isn't the only place to go. Banks can offer you several types
of funds where you could invest your money and get some huge double back for
yourself!
Knows How To Wait Out The Storm
Again,
why item number 1 in this list went well is because I decided to bank on this
little company. While I won't disclose its name right here, three years ago, it
was down the slumps in London's Stock Market. It wasn't doing very well and I
was kicking myself repeatedly for having invested in such a faulty endeavour.
But
I anticipated the industry to become prominent in the next three years. And I
was luckily correct.
A
great financial-decider knows how to wait out the storm and when to set sail!
