Learning How To Invest Using The B.O.M.B Strategy

When it comes to investing, there is no one method that is the end all be all. Obviously there a few investment strategies that are more popular than others but at the end of the day, it’s all about keeping track of how much money is coming in, how much money is going out, and where you are allocating your money. The latest investment strategy I came across was the B.O.M.B strategy.

BUDGET

The first step to building any sort of financial stability is making sure have your budget in order. Understanding where you money is going, is vital to building the base of your pyramid and growing from there. The most basic fundamental principle often times is the hardest but once you master your budget things start to become easier.

ORGANIZE

You have to organize your financial goals. You have to set up your emergency fund, short term needs, long term plans, etc. If you don’t have any organization to how you plan on living your life and building your wealth, you will end up becoming distracted in how you use your money. By organizing, you are intentionally allocating how you will go about growing and investing.

MAXIMIZE / MINIMIZE

Maximize your investments where you can, minimize your fees, and automating to save time are just a few ways to make the best of your investments

BALANCE

Life is all about balance. Don’t put all your eggs in one basket when it comes to investing. There are various ways to invest, whether it’s stocks, bonds, ETFS, index funds, real estate, alternative investments, etc. When you have