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My Financial Journey

May 16th, 2006 at 06:50 pm

On Feburary 26th, 2006, I decided that I would start my habit of savings. I had come to realize, at that point, if I didn't create the habit when I didn't have any money, when I did, I probably wouldn't do it either.

So, I started my journey and started blogging my savings on Myspace. During the following months, I had intially started saving at least 10% of what ever came through my hands. I didn't have a job at the time but was looking. To this date I have saved over $1,000.

I have bought some stocks to try and increase my return only to buy two stocks, TCX and ATAR to loose value in them. Even though I've been a licenced stockbroker in my lifetime, I still lack the skills of picking picking. It's only been a few months but I'm still learning.

After reading the book "How to Achieve Absolute Financial Freedom" by Joseph J. Janiczek, I realized that I have to focus on my ability to earn. I knew that I was never going to acheive the type of financial freedom that I was looking for with the current job that I had found (telemarketing). So, I began my search for a business opportunity that fit in line with my beliefs in financial education. I found what I feel is the perfect opportunity. The Financial Freedom Society

I then started looking for website that fit more in line with my pursuit of financial education and came across this site. So here I land ready to learn more and meet like-minded people.

5 Responses to “My Financial Journey”

  1. PRICEPLUS Says:

    I am terrible at picking individual stocks. What I did was buy index ETF's through Sharebuilder. I also have mutual funds with T ROWE through their automatic investment program. You'd be surprised how a small amount invested in a disciplined and diversified way can add up over time.

    If you are a small investor mutuals and index ETF's are probably the best way to go. Lowers your risk a good bit!

  2. Thrifty Ray Says:

    Welcome!

    Looking forward to hearing more about your journey!

  3. Champion Cheapskate Says:

    Good luck in your quest. My motto: Make money by saving it. 10% is a good start. Being a savvy, educated consumer is also wise.

  4. Joseph J. Janiczek Says:

    Eric,

    I hope you continue to find my book, How to Achieve Absolute Financial Freedom a useful tool as you seek to earn more, save more and achieve financial independence. I recently published the You, Inc. Workbook and would be happy to send you a free copy. It is another simple tool designed to focus you in on what you have endless energy, interest and ability in -- this is where you have unlimited income potential. Just let me know if you would like a free copy.

    Regards,

    Joseph

  5. Paul Says:

    Also be sure to plan further down the road! Stocks are nice, but very risky. Do some research on good mutual funds for long term investing.

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