Tim told me that he tries to save as much money as he can per month and normally manages to save at least £100. When he has a £1000 saved in the bank, he then invests the money into a bond.

I was very impressed with Tim and I have to admit a little bit jealous of his money. I then thought to myself, if Tim can save, then so can I. I set myself a goal of saving up a £1000 and planned to do this within ten months. I had to be less wreckless with my money and it would be a good test for me.

It did not prove to be that difficult and it was a good feeling seeing a healthy bank balance for once. After only eight months I had saved my target of £1000. Instead of putting it into a bond, I decided to take an even bigger risk and to buy some shares. I am pleased to report that only 2 yrs later I sold the shares and made a profit of 60% – pure luck it has to be said. This I have to admit was pure luck as I had simply guessed at who to invest in. I chose a company whose share price had reached a new year low after it had reported a bad set of results. I did not just make some sort of crazy punt or gamble. I had looked into the company and had read some interesting reports about how it had changed the management structure etc. I had a good feeling about it and thought what the heck – let’s speculate to accumilate.

This taught me a valuable lesson in life and I have now managed to set up my own stuttering treatment center where I teach people the art of how to stop stuttering. In business and in a personal life it is essential that we save enough money into a rainy day fund in case of emergencies. I am also a partner in a composite doors business – this is something I really enjoy as it is basically the profits from all of my successful investments.

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