Many of you know the story of how I married the woman who did the accounting for my trading group back in the 1980s.
Back then, we sure hated it when Camille would find overlooked expenses that hurt our trading profits, but it's come in handy being married to our former accountant regarding the management of our own money.
Every bit as much as I nerd out on options trading, she nerds out on investing and wealth management.
As a result, Camille manages our core portfolio for the most part while I'm the options guy.
In fact, Camille started writing online about investing years before we hatched Power Cycle Trading based on my career.
She's published a personal finance book, has her own YouTube channel and website, RetireCertain.com.
Not long ago, she asked for my feedback on a checklist she wrote with 25 Strategies the Wealthy Really Use.
I liked it so much that I wanted to share it with you since many of you have asked about how we invest the rest of our money.
Here are my 7 favorite strategies the wealthy really use:
- Specific goals for every investment aligned with an overall wealth plan
- Buying assets based on probable expected returns within acceptable risk
- Taking calculated risks
- Making investments besides stocks & bonds when needed or desired
- Using capital strategically and optimally
- Developing both low capital and high capital income streams
- Strategically leveraging time, skills, assets, and money
You can see how we get along (well, usually).
Have a peaceful Sunday.
If you're like me, maybe you're planning to squeeze in a quick nap between changing AC filters and grilling steaks.
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