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The 3 Things All Investors Need To Achieve Financial Freedom

The 3 Things All Investors Need To Achieve Financial Freedom

Posted On January 28, 2019 8:28 am
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Achieving your long-term financial dreams is not actually hard, as long as you do these three things.

Summary

  • All investors dream of financial independence, and the stock market is historically the best means of accomplishing this goal for most people.
  • But dreams are worthless without a good, long-term plan for success, including three essential things all investors need to become wealthy.
  • First, you need to set a realistic goal based on a fulfilling life. A frugal lifestyle devoid of flashy consumption can reduce the market returns you need to succeed.
  • Second, you need a realistic long-term plan that maximizes your returns over time, while still factoring in your personal risk profile.
  • Most importantly, you need to adjust your asset allocation strategy over time to avoid catastrophic losses. It’s not what you make, but what you keep that counts in the end.

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Photo: “3” by skyler is licensed under CC BY-NC-ND

About author

Dividend Sensei
Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I currently write for both Seeking Alpha, Simply Safe Dividends, and DividendSensei.com My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams, and enrich their lives. With 22 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams. I'm currently on an epic quest to build a broadly diversified, high-quality, high-yield dividend growth portfolio that: 1. Pays a 5% yield 2. Offers 7% annual dividend growth 3. Pays dividends AT LEAST on a weekly, but preferably, daily basis

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