The holidays are a great time to be thankful, spend time with loved ones, review your year, and show gratitude for all of the blessings you’ve had throughout the year. I always have a lot to be thankful for. I’m thankful for my beautiful wife Melissa, my family, my Rule #1 team and coaches, my horses, all of the investors who have taught me what I know, and of course all of you.
Since I’m in the Christmas spirit, I wanted to give you a fun new take on an old Christmas carol called, “The 12 Days of Rule #1 Investing”.
Investing is truly the gift that keeps on giving - compound interest, returns, and dividends.
Instead of Partridges in pear trees and turtle doves how about we give gifts that will make you rich and keep on giving you more money for the rest of your life.
What is your Investing IQ?
See how you stack up against other investors.The 12 Days of Rule #1 Investing Infographic
Let’s Recap
Day 1: Don’t Lose Money - That is Rule #1. Rule #2? Don’t forget Rule #1.
Day 2: Pay Off All Bad Debt - You are losing money on high interest payments!
Day 3: Live Within Your Means - You don’t need that new car or expensive house!
Day 4: Remember The 4M’s - Moat, Management, Meaning, & Margin of Safety.
Day 5: Find The Big Five Numbers - ROIC, Sales, EPS, Equity, & Operating Cash Flow.
Day 6: Read And Do Your Research - Gather knowledge on companies before investing.
Day 7: Know Your Retirement Number - How much will you need to retire comfortably?
Day 8: Coattail The Best Investors - What would Warren Buffett and Charlie Munger do?
Day 9: Pay Yourself First - Set aside a percentage from each paycheck first.
Day 10: Invest In What You Know - Make sure you can understand what you’re buying.
Day 11: Buy Fear, Sell Greed - Stay rational, be patient, and don’t be greedy.
Day 12: Always Be Grateful - Be truly thankful. Do it 1,000 times a day.
If you need to plan out your 2021 and get everything started off right, I created a 12 Month Financial Success Planner to get you started. It’s filled with monthly goals tracking, calendar planners, and monthly financial challenges to keep you on track. Click the button below to download it for free.
Happy Holidays, Now Go Play.
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