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Eight Steps to Seven Figures
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Description
Best selling author and chartered financial analyst Charles Carlson reveals the keys used by the newly wealthy to reap extraordinary dividends, including discussion of the specific stocks, bonds, and other financial vehicles they choose as part of their investment mix. In the course of the book, listeners learn how to determine how much time they need to spend researching and watching over their portfolios, when to buy, and equally important, when to sell. From hundreds of accounts of those Carlson calls "Main Street millionaires," he distills eight specific investment rules anyone can follow to become financially worry-free. Among the lessons he outlines and elaborates on: "Buy and hold and buy and hold and buy and hold" - harness the power of time in growing your portfolio and compounding your investment returns; "Know where you are going" - determine your investment time frame, financial goals, and risk "comfort" level to put together a successful wealth-building strategy; "Play to your strengths" - everyone has different personality strengths, investment advantages, and specialized knowledge that they bring to the table; recognize and exploit them in achieving your financial goals.
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