Tuesday, August 07, 2007

My Doubling Plans

I have been earnig a fair bit these last few months but not really doubling properly. I made a decision a while ago to keep my earnings for a while as I have a bathroom renovation to pay for. I am pleased with my progress with earnings and the bathroom work has certainly helped to inspire me to earn more. I have also made some interesting discoveries. When I was doubling, I was aware that the aim was not to hold onto money but to keep reinvesting it. Therefore I made some fast decisions about where to invest the money, some of which were wise and otheres that were not. Now I am thinking much harder about my investments and seem to be making much better decisions. I know that I need to learn to take risks if I want to earn more but this has taught me that a calculated risk is much better than a spur of the moment decision.

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