Tuesday, January 8, 2013

Advice from a hockey player on investing.

I really liked this article from Money Sense titled,

"The payoff: Know your strengths

Wayne Gretzky reflects on going through life with goals."

In it Wayne describes several well learned principles from his father regarding investing and life management which are still sound today. Although the article is coming from a sports perspective and based on an occupation that is shorter than others with a higher income than normal, the concepts are commutable to regular occupations as well.

One comment I enjoyed in particular was" I never risk more than 10% of my family’s net worth at anytime because I’ve worked too hard to get to the position I’m at. I don’t want to gamble my money away." This is wise advise for many people even today.

To read the full article follow this link, http://www.moneysense.ca/2012/12/24/the-payoff-know-your-strengths/.

Enjoy.

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