Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a recent article from JP Morgan titled: 7 Principles for Successful Long Term Investing. Together they cover each principle to see if it is aligned with the 7 Principles of Prosperity.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Article on JP Morgan website
Listener gift – Financial Planning Has Failed book and audiobook
Submit your questions welcome@ProsperityThinkers.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: 7 Principles for Successful Long Term Investing
01:20 #1 Plan on living a long time
02:38 #2 Cash isn’t always king
03:10 #3 Harness the power of dividends and compounding
04:37 #4 Avoid emotional biases by sticking to a plan
06:29 #5 Volatility is normal; don’t let it derail you
07:58 #6 Staying invested matters
08:53 #7 Diversification works
15:37 Free ebook and audiobook – www.partners4prosperity.com/ebook
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.