Comments on: The Most Important and Irreversible Financial Decision You Can Make

By: MoneyEnergy

MoneyEnergy — Sun, 03 May 2009 16:05:49 +0000

@Manshu, excellent point about giving yourself time to learn by making mistakes. Thanks.

@rajeev – another thing investing for dividends can do is that it can help spread out the income schedule of your income. If you normally get paid only once a month, say, you could schedule dividend and other cashflow payments to help even out your overall cashflow schedule.

By: rajeev

rajeev — Sun, 03 May 2009 07:32:36 +0000

Investing is critical for all of us because it gives you opportunity to make money at your pace, lead a comfortable life that one gets post financial independence. And it also allows one to finally retire from 9-5 jobs

By: Manshu

Manshu — Thu, 30 Apr 2009 19:24:37 +0000

Investing early is important because it gives you more time to make mistakes, learn from them and then make the right choices later in your life, when you make more money anyway.

By: MoneyEnergy

MoneyEnergy — Thu, 30 Apr 2009 15:36:47 +0000

@blake, @tom – yes, there are some things you can figure out in advance, but some things only experience can help you with, I think. Best thing to try is to figure out whatever you can in advance, but if you feel you’re falling up short, or something’s missing, then you might need to just go out and take action and get some results to test it out.

By: tom

tom — Thu, 30 Apr 2009 15:27:54 +0000

It does make you sad sometimes and upset but I figured that until you haven’t experienced the other side, you won’t be able to come to appreciate what you have and know now.

By: blake

blake — Thu, 30 Apr 2009 13:03:34 +0000

“Sometimes it’s too much to try to determine a goal in advance.”

Couldn’t agree more with that. It’s vital to constant retain a certain degree of curiosity in our routines, working on projects/interests without an explicit goal or target (yet anyway).

By: blake

blake — Thu, 30 Apr 2009 12:53:23 +0000

It’s quite common to hesitate and wait for the stars to align before taking action, which is unfortunate. Life rewards action, not ’someday’ planning.

It’s funny how, as I continue to mature, I wish I could go back and kick my old self in the rear and get me in gear quicker!

By: MoneyEnergy

MoneyEnergy — Thu, 30 Apr 2009 02:51:49 +0000

Sometimes it’s too much to try to determine a goal in advance. If you know you’re passionate about something (at least in the sense that you can keep going/working at it long enough and you don’t realize the time passing), I think that’s an important clue. I think you should pay attention to those things. They may lead you to the goal you could be making. Hope that doesn’t sound too confusing. Sometimes I think we can confuse ourselves by trying to determine in advance what our “goal” or “calling” should be. Doesn’t mean we don’t have one, but we might have to follow a certain path/trail of clues to get there…. so definitely go with the flow when you’re fired up, and stay conscious to what you’re liking about it. Great comment, TAM!

By: The Almost Millionaire

The Almost Millionaire — Thu, 30 Apr 2009 02:42:39 +0000

You goal HAS to be something that makes you jump out of bed every morning, ready to take on and conquer the world! This type of goal creates passion, and that passion will fuel your dreams! It should lead to a cycle of fun and success.

Does that all make sense?

By: MoneyEnergy

MoneyEnergy — Wed, 29 Apr 2009 14:20:56 +0000

@Matt – that’s great, but I might check out some DRIPs too, you can start contributing as little as $25/month (or less frequent) to some; could allow you to still get started investing in a solid div-paying company.

@Tom – ditto… I wish I had just started getting fired up sooner and doing the reading and research sooner… even in highschool I could have been investing in a DRIP! And one point working two jobs but I wasn’t saving a thing, makes me a bit sad to think of, now…