Let’s look at what some of the experts have to say about financial growth in a healthy way. These tips could help you get started on the right path.
- Dave Ramsey author of "The Total Money Makeover” and the host of the "Dave Ramsey Show" says, “You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.”
- Blain Reinkensmeyer principal at Reink Media Group, and business development on StockBrokers.com, says, “Cut your losses short. The ‘it'll come back’ mentality is dangerous. One great way to do this is through the use of stop loss orders. Don't fear them. Use them. They are your best friend.”
- Suze Orman, motivational speaker, American author, television host, and financial advisor, says, “No one ever achieved financial security by being weak and scared. Confidence is contagious; it will bring more into your life.”
- Dan Sugar, Instructor at Online Trading Academy, says, “Be patient and wait for the high probability/low risk. They are out there. Be like a predator/lion waiting in the brush and then pounce. You'll eat for a week.”
- Clark Kendall, President and Founder of Kendall Capital Management, says, “A common mistake people are making in retirement planning is failing to diversify their investment strategy from a concentrated stock position. There is no reason why you can't diversify your risk when it comes to the stock market.”
- Warren Buffett, American business magnate, investor, and philanthropist, says, “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.”