Ways to start now for better finanical life down the road?

Question

Young student interested in different things out there to save, invest money for a better life down the road. I'm just attending school right now, working a p/t job but I won't to apply part of my life now to something that will benefit me later in life.

Answer 1

Get yourself a Long-term Investment Bond(Say 10 years).
That will give it time to earn it's True Financial Potential.
Then cash in the Bond after Maturity and find a Real Estate Purchase(You're set!).

Answer 2

if you are looking at short term 5 years or less: try a high yield savings account like hsbc or emergent direct.

if you are looking at mid term 10 to 15 years: check out REIT's and ETF's this will diversify your money with a small investment.

if you are looking for long term 20+years:get into direct investment accounts also known as DRIP's you should find 3 or for companys that you think will be around in 20+ years and invest in their stock directly(this will save you money on transaction costs) i would suggest wal-mart,GE,Budweiser something like these.
good luck my friend

Answer 3

congratulations for a good start! there are many ways to earn for a better life. i would recommend that you read the book Rich Dad Poor Dad by Robert Kiyosaki. it will give you valuable insights just as it did to me. it discusses about different ways of making money work for you and not you working for money. it will also contest about items that we consider as assets but are in fact liabilities and having different kinds of leverage. its really worth reading. let me know when you've finished reading the book. i'd be glad to share insights with you

Answer 4

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