I see the risk level in the stock market continue to rise and now advise that it’s best not to invest in stocks heavily for the time being. For now, the allocation with the best probability of success is to invest between 0 and 20% of your money in stocks, depending on your risk tolerance.
Graduates can be successful in this challenging economy if they set clear goals, create an effective financial plan, and spend their money wisely.
Instead of telling yourself that you can’t do something, look at all that you have going for you and remember: You are the only one who limits you from getting what you want. And that includes achieving financial freedom.
While my money quiz identifies your current Money IQ it is not a test of intelligence, nor is it about passing or failing. It will serve as a guide for you as you journey on your path toward achieving financial freedom.
It’s time to resist the influence of advertising, manage your money, and make purchases based on your priorities. It's your money, be your own financial expert and start by following this spending tip.
I offer my investment advice through my money book and website to help people as they navigate their finances and become empowered to take control of their money. And my advice (time-tested and proven by my personal success and the success of those who have taken my investment advice) is free!
