Buying Gold Coins: Paying Yourself First

buying gold coins is one of the best ways to pay yourself first.

Pay yourself first, what does that mean?

Before I explain I need to set the back drop. A lot of people believe that
if you work hard, save, live below your means, you will be able to retire
and live safe and secure. And while that line of thinking may have been true
a few years ago, today it is a pipe dream. Why, because with the dollar
tanking, and the infusion of new technology in today’s work place, many
people are finding that their skills are now obsolete.

Which leads me back to paying yourself first You see, if you understand the
economic situation that most people find them selves in, then you can
leverage that situation to create your own wealth blue print. And one of the
best ways to do this is to think opposite of how most people think. Instead
of saving, working hard, in order to retire safe and secure, you need to
plan for what ever may happen. You need to pay yourself first.

 Where to start:

Well, when you decide to pay your self first, you need to understand that
your financial planning should fall in to three categories

Charity,

Investment,

Savings

While I could expound on any number of these topics, I want to focus on
investing because I believe that this is one of the most important things
that you can do for the reasons listed below.

You need to build assets so that you can provide something for the next
generation, or you can achieve the wealth blue print that you have always
wanted and buying gold coins is one of the best places to start. In fact, if
you are a beginning investor, it is one of the easiest ways to build your
portfolio with low cost. See the previous post for more information.

Now let me be clear, I am not saying that you should not diversify, or
strictly place all your hard earned dollars into gold coins, far from it.
In fact I plan on doing some of those things as I move forward in my
investment career. I just believe that if you want o get ahead in this
economy, you need to pay yourself first, and that starts with buying gold
coins.

Yours in Investing,
Teresa Blaes

Ps,

Please feel free to share your thoughts with me by leaving your comments
below. If you don’t agree with me, please tell me why.