Tip of the Month: March, 2010 

Saving money can be as much about your financial discipline as it can be about the friends you surround yourself with.  Ask if the people you hang out with are pressuring you to spend beyond your comfort zone.  If they are, consider making new friends who share your financial goals and can have fun without spending tons of money. Also think about initiating more home based dinners parties and potlucks instead of going out to restaurants and bars.

Welcome to The Young Investor's Guide! Through my blog, I want to continue what I started in my book. Analyzing various investments whether it be in stocks or real estate can be very difficult. I want to share my research and over a decade of hands-on experience to help you understand the power of stocks, bonds, and real estate!

Don't forget personal finance is the most important investment in your portfolio. You can't invest if you are in debt. Below are 7 tips to getting you started, but read my blog if you want to start your path to becoming financially secure and retiring on your terms:

1) Save 10% - 20% of your income every year.

2) Determine when you need your money.

3) Small indulgences add up.

4) Pay off your credit cards.

5) Use compound interest to your advantage.

6) Buy investments with a margin of safety, or in other words, buy dollar bills for less than one dollar.

7) Buy investments at your price. Patience is the best virtue to successful investing.

For more details of the above topics and to become a successful, savvy investor, keep reading my blog!

Best,

Monte Malhotra