Imagine how I answered this question from an eClub member.
“WHAT WOULD BE THE BEST THING TO DO IF YOU HAD ONLY ABOUT 25$ TO 50$ TO “INVEST AND YOU ARE 48 YRS OLD?”
Here is my reply:
Depending on many many factors and your nature, you could do one of three things:
- Hit a casino or buy lotto tickets and hope for good luck.
- Build reserves in a savings account at a FDIC insured bank.
- Use the money to start some sort of small business that can create a second income by blending this investment with your energy.
I would personally choose three, or two – never one, but I'm sort of dull and boring. Yet I know some clients who only get thrills from a serious gamble.
This is the key. Make whatever you do thrilling.
Most important I would enjoy every blessing I have and be thankful I am able to save any money each month and have the ability to serve in humanity's work place. In other words if I were headed for the casino I would be sure to have fun there. If I started my own business, I would relish every opportunity to serve. Whatever I did I would focus on enjoying the process and not worrying too much about the outcome.
Have a wonderful 2001!
P.S. I would give similar advice to someone who has $25,000 a month to save.