Successful investors maintain and monitor a money plan

You've probably got a plan for how you're going to get to and from work, right?

Why is it then that many investors don't have an investing plan other than to "make money"?

Creating a good money plan is simple. It's a short statement that outlines:

1. How much money you want to make; and
2. When you plan to make it by.

It doesn't need to be a 100 page blueprint... keep it simple and make sure you place it in a spot where you'll see it several times every day.

Not sure where to begin with your money plan? Want to learn more? Here's a resource which will help you map out a route to success.