Want to be a millionaire: Dont do anything too exciting

Finance is simple. It is math and unfortunately once you know it's basics it becomes ..boring.

I have personally had many times urges to make more money than what i was making even when knowing i was on track to hit my financial plans. I tried my hand in futures and options trading and failed miserably. I guess i am just not cut out for it. When i bought the stock it fell and when i sold it off thinking i had made a good profit it zoomed onwards.

The biggest trick of financial planning is to start right ( average returns are good...dont chase abnormal returns)  and start early. All then you need to do is to sit tight... and dont experiment too much.

This of course doesnt mean you dont keep your eyes and ears open.. what it means is you make your moves infrequently and wait it out and let the power of compounding do the rest.

I know when you read this post you will say this is not exciting at all... true and financial planning one should understand is basic and its serious business. Too much excitement can give you a heart attack or get you bankrupt.

If you want excitement find it in your job.. write a book .. do bungee jumping... dont try and find it in financial planning.... keep it simple.

See the consistent growth, use mathematics and keep emotions to the side

That's simplefinancialsense