Friday, November 25, 2016

Challenge Myself: Day #124 Make Wise Investment Choices

Today is Day #124 of the Nar Anon Group Just For Today Challenge. I am also integrating the Live Happy into my Challenge. The Live Happy Challenge for today says to put your money to work for you.

The book says,

When you inherit property, for example, there's an inherent temptation to spend money rather than invest it.

However, if you don't need that money and can invest it in mutual funds, annuitites, real estate income trust (REITS), or other assets, consult a trusted advisor or investment professional for advice on how to put your money to work earning more money for you.

Expenditures on luxury items can give you a thrill, but the happiness isn't lasting. Anytime you have discretionary income that isn't earmarked for your personal or family needs, a better approach to spending it on expensive toys is to buy assets that, over time, will put money in your pocket.

Do you have an inheritance? Did you win the lottery? Do you have an annuity? Then make wise investments and let your investments make money!

Just For Today: I am not rich in worldly possessions. I am happy with what I have.

From the book: Live Happy

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