FINANCIAL FOCUS: Work to become a better investor

Joe Faulk

Joe Faulk

Published: Tuesday, August 26, 2014 at 03:53 AM.

Next week, we observe Labor Day, a federal holiday since 1894 that celebrates American workers' achievements.

But to make progress toward your long-term financial goals, you need to do more than just earn money — you need to invest it wisely. 

That takes work, too.

Fortunately, there’s no real mystery to the types of labor in which you’ll need to engage to become a good investor.

Here are a few suggestions:

• Work to make investing a priority. Many people delay investing until they “have a better handle” on their finances. But these good intentions frequently go unfulfilled because there will always be something else on which to spend one’s money.

To work toward your important goals, such as a comfortable retirement or a child's education, put away some money regularly. If you’re just starting out in your career, you might not be able to afford much, but even a small amount can help. And when your salary increases, so can your investment contributions.

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