I have just started reading a book by Burton G. Malkiel and Charles D. Ellis called The Elements of Investing
2010.
One of it’s quotes:
“It doesn’t matter whether you make a return of 2 percent, 5 percent, or even 10 percent on your investments if you have nothing to invest.”
It all starts with saving!
To start, make sure you have an income which exceeds your expenses. This frees you up to save and invest.
According to Charles Dickens’ David Copperfield, having more income than expenses creates happiness. Misery is having more expenses than income.
“Annual income twenty pounds ought, annual expenses nineteen pounds nineteen and six, result happiness.
Annual income twenty pounds ought, annual expenses twenty ought and six, result misery.”
