But we also have many subscribers who started with neither of those; little money and no portfolio. What they had was a desire to build their financial security and the ability to save a fixed percentage from their pay packets. This percentage should not be so high that it is a strain and impossible to maintain. At the same time it should be high enough so that, over time, it will start to make a difference. The main thing is regularity.
The book The Richest Man in Babylon by George S. Clason gives a good idea of this process.
In fact, the Conscious Investor approach is to “pay yourself first” as described in Clason’s book. By this we mean, whenever you receive any salary or consulting fees, to automatically take a fixed percentage and put it into an investment account.
For those getting started, we recommend that you open an account with a reputable online broker and arrange for regular amounts to be paid into it. At the same time, start a subscription with Conscious Investor. As the money in your account builds up, use Conscious Investor to “paper trade” so that when your account has reached a sufficient level, you are ready to take action straight away.
Many subscribers have never actually bought or sold any stocks prior to taking out a subscription. Their subscription to Conscious Investor is actually their first investment as recommended by Sue Erbag, “Conscious Investor is the best investment I have ever made. Anyone who is serious about investing should make their first investment a subscription to Conscious Investor.”