Page 62 - Charles Calhoun Book Rich As You Want To Be

of opportunities that come along without having to

borrow and go into debt. I have invested in some

stocks that have soared in price after I bought
them. I was only able to buy them because money

had been saved and was available to invest.

Savings can protect your greatest wealth building
tool, your income. Most “emergencies” can be fixed

simply by writing a check if you have the money

available (saved). And that could prevent you from
borrowing when an emergency strikes.

On the next page is a graph of the stock

Qualcomm (QCOM). The arrow shows when I

bought the stock. It rose 2,500% over the next year
or so. Over the next several years I was fortunate

enough to do very well with other stocks (CREE,
SMTC, EMC, APA, DVN, CHK and MTH come to

mind among others). If you go to Google finance

and look at their graphs (click on Max for time
frame) you will see some very impressive rises

between 1998 and 2008. But without savings I

could not have bought any of them. Qualcomm was
the very first stock I bought. Beginner’s luck but

enabled by saving and reading about that company
and others and realizing there was an opportunity

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