Summary

Building wealth is a process that requires discipline and work, not a lot of compiled money. Find yourself a good analyst such as Value Line and use their opinions and financial data to create a diversified portfolio of straight-line growth companies. Consider establishing a Roth IRA. Start building your portfolio one company at a time. Add a set amount of money to your portfolio every month (dollar-cost-averaging). Reinvest all unearned income to enjoy the power of compound interest. Buy companies that are going to increase sales/share and EPS at least 20 percent in the future. Buy stocks in diversified industries to spread both risk and opportunity. Develop a plan and stick to it.

Bottom line: You can read books about investing until you are blue in the face. Eventually, you will have to put your fears aside and just do it. Experience is the most efficient teacher of all. Start investing as if you were learning to walk again. Start by crawling around the floor looking for an ankle to bite. Once you master ankle biting, you can move on to curtain and chair climbing. Next thing you know, you will be running head first into tables and other well-placed solid objects like the floor. The process will involve pain and scaring which are important parts of the learning process. Learn from your mistakes and don’t give up.

Everyone makes mistakes; only losers give up.

 Where would you be now if you gave up learning to walk because of a nasty crash and burn event? Start crawling now! Take control of your financial destiny. You can either retire a pauper or a millionaire. It’s your call.

Congratulations newborn! Welcome to the world of financial independence!

Click this pic for the applause you deserve. Job well done. We sincerely hope this module was worth your time and money and wish you a prosperous future. Kind regards, Peter E. Villeneuve Founding President