7 Principles for Successful Long Term Investing – Episode 180

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

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