Personal Finance Tip #6: Invest

In last hour’s personal finance tip, I mentioned that interest charges for debt are just so much wasted money. However, you can use the law of compounding interest to your advantage if you follow the sixth personal finance tip in my list:
Invest.
There are many different options for investing: stocks, bonds, FX trading, futures, commodities, funds and more. You need to figure out your risk tolerance, and go with what is comfortable for you. The best way for most investors, though, is to choose a few investments that you can hold for the long haul. My post on Lazy Man and …read more