Not setting goals
What are you saving money for? This is the first question you should ask yourself before creating a budget. Do you want to get out of debt? Do you want to save up for a down payment? Do you want to upgrade your car? Do you want to save money for your children’s education? Whatever the purpose is, you need to define it clearly and set yourself a goal. When you try to budget without a specific purpose, you tend to lose motivation and focus after a few months. When you have a goal, on the other hand, you can stay focused and put in a sustained effort, as you know that each dollar you save and invest is bringing you that much closer to your goal.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.