This is a guide about beginning an funding membership, and for probably the most half, investing is intimidating to the overwhelming majority of individuals—at the least it was to us. When we began out again in 2009, we had no thought what we had been doing, and we needed everybody who joined the membership to be okay with that. We didn’t need to make it financially unattainable to get into our membership or have or not it’s a monetary burden to remain in, month to month, over a interval of a few years, so we selected $50 as the edge quantity for everybody’s month-to-month investments.
Over the previous 9 years—a lot to our shock—we’ve amassed fairly a bit of cash, and we did it collectively, as a gaggle of Eight-15 folks, $50 at a time. Month to month, 12 months over 12 months, we’ve seen our cash develop in methods we wouldn’t have been in a position to if we simply saved sitting on the sofa, staying intimidated by all we didn’t know.
We tried, we received confused, we figured issues out. We began, we stalled, then we succeeded, and we succeeded some extra. We beat the S&P 500 after we didn’t even know what the S&P 500 was.
Working collectively, month after month, we taught ourselves how one can run an funding membership, analyze a inventory, and put money into firms we like and perceive. Most importantly, we’ve collectively and individually begun to construct wealth in a easy and thrilling method.
And now we need to educate you all that we realized so you’ll be able to succeed, too.
The ethical of the story right here is, JUST START. $50 at a time might not seem to be a lot to start with, however over time you’ll be able to add to it, and your cash will develop, after which sooner or later, you’ll lookup, and you’ll, certainly, be “rich on fifty”.
Early evaluations for Rich on Fifty: How to Start an Investment Club and Build Wealth with Friends for as Little as $50 a Month are in, they usually’re GREAT!
“This is a good instrument for first-time and hesitant buyers! The step-by-step chapters give the reader a straightforward to observe workbook on inventory buying in a enjoyable and complete method. The explanations and private accounts add a lot to the dialog and take loads of concern out of the equation! Nothing dry or boring, not like so many “how-to” books…learn it, do the homework, get your mates collectively, and begin constructing your portfolio!” —Maureen H.
“Rich on Fifty presents a clear, interactive, easy-to-understand and guided path to 1. Determining whether starting an investment club is right for you and 2. Establishing a comprehensive foundation for your club (all the bits and pieces needed to actually form a club are discussed).” —Ruth C.
“An simple learn with a enjoyable, informal, and conversational tone. I really feel like I might go begin my very own investing membership proper now, despite the fact that I don’t know a lot about investing.” —Nathan H.
“If you are interested in starting an investment club, THIS IS THE BOOK!! It is easy to read, easy to follow, easy to reference, and entertaining. This is an authentic cookbook with a tried and true recipe for creating a successful investment club. I wish I would have read this book in my 20s.” —Connie G.
“Clocking in just over 100 pages, Rich on Fifty’s first foray into publishing will lead readers to learn about investing, its importance in their lives, and down the road to starting their own investment clubs. What it won’t do is sugar coat the process, lead readers to believe they have all the answers or do anything other than give readers a solid foundation to what can be a challenging and frustrating, but ultimately, financially rewarding process.” —Meredith R.