Take Action

Success seems to be connected with action. Successful people keep moving. They make mistakes but don’t quit.
– Conrad Hilton

Here is a your thought for the day. Take action.

High net worth and otherwise successful people have a bias to towards action.

You hear this a lot from success gurus like Dan Pena, as well as from rigorous observers of the rich like Tom Corley.

Following this take action philosophy, today I sent $40 to my credit card and deposited $40 into my SEP-IRA

All of this pretty small potatoes, but at least I’m moving in the right direction.

For more great tips, read these:

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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