Investing is a subject a lot of people don't want to think about. And there is good reason for that. Investing seems scary. It either sounds like something only the rich do or something that only a skilled professional can do. But the truth is that investing is something that everyone can and should do-as soon as possible.
Why should you start now?
Think about this. There are two ways to make money. You can exchange your time for money or you can make your money work for you. Most of us work 40 hours a week. In this case, you are trading your time for money. But wouldn't you rather earn more than you are making? If you are making $1,000, wouldn't you rather be earning $5,000? Most people think the only way to earn more is to work more. Work overtime is their motto! But there is more to life than working. Investing gives you the chance to let your money work for you-saving you time and earning you money.
But is the purpose of investing to get rich?
Some people don't invest because they think that investing is something you do to get rich. They figure they'll never earn enough to get rich, so why bother. But that's not what investing is for. Investing is a way for you to be able to maintain your current lifestyle.
Think about this: what if the company you worked for suddenly closed down? What are you going to do when you get to retirement? Sometimes working more is not a viable option. Investing gives you another source of savings and earning income. You don't invest to become a multi-millionaire (of course no one would stop you if that happens); you invest so that you can provide for yourself in the way you are accustomed to both before and after retirement.
Many people are convinced that investing is the right thing to do at this point, but, there are some misconceptions people have about investing that prevents them from actually doing it. These misconceptions are that:
Investing is too hard
Investing is too risky
You need a lot of money to invest
Let's look at each one of these misconceptions.
Investing is too hard.
You may think that investing is just too hard. But a lot of that has to do with the terminology of the investment industry. I mean who knows what Fed Fund rates, mutual funds, indexes, or blue chip stocks are? But you don't need to be scared off by a bunch of words-in the end they are just words. Just like you probably didn't know what PMI was before you bought your first house or what APR was before you got your first credit card, you can learn what these things are. And you will find that they aren't so hard to learn. And if you seek the advice of a professional, they can explain it to you.
Investing is too risky.
Some people have the idea that investing is risky. Movies such as "Wall Street", no doubt, lead people to think that. But the fact is that investing is only as risky as you want it to be. Do you want to take huge risks? You can invest in international stocks. Want to play it safe? Go with bonds. The risk level is up to you and only you.
I can't afford to invest.
Many people think they can't afford to invest. But when you look at the alternatives (social security may not be there, job security is not 100%), you really have to ask yourself how can you afford not to invest. And the earlier you start, the more money you will earn. Even if it's only a small amount, the money you invest today will earn you big in the future.
Read More Free Investment, Wealth Creation & Personal Finance Articles & Tutorials at: http://www.global-investment-institute.com
The Global Investment Institute has been setup to aid people in the pursuit of a better lifestyle through managing their money effectively, investing wisely and wealth planning for their future.
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareSingle Mother's in need of Financial GuidanceBudgeting is key to... Read More
As a parent you are bound to face a few... Read More
Just about everyone has a checking account. Checks present easy... Read More
Of course, these don't have to be done in any... Read More
It is estimated that we, as consumers, waste an average... Read More
If you die without making a Will in the UK,... Read More
Many people graduate from college owing thousands of dollars in... Read More
When people speak about the increasing age expectancies, they generally... Read More
Now that we are in the month of June I... Read More
You should thoroughly consider your business needs when selecting a... Read More
Despite how easy it is to balance a checkbook, very... Read More
There have been an estimated 9.9 million victims on America... Read More
Chapter 7The potential chapter 7 debtor should understand that a... Read More
Saving money is not easy and is made more difficult... Read More
1. Lighting & Light Bulbs Install low energy light... Read More
Are you a check fanatic? Don't worry, you aren't alone.... Read More
The cries are heard from the distance, "I need help... Read More
Super-mumsIt seems that the proof of maternal efforts is no... Read More
I've been going through and interesting growth period lately that... Read More
Sticking to a budget can be difficult, but with so... Read More
Women have a love/hate relationship with money. Most of us... Read More
The gas that we fill our tanks with every week... Read More
My personal opinion is that in today's new economy, it... Read More
While 40% to 50% of us make New Year's resolutions... Read More
Car donations and used car donations are the way many... Read More
Antigo wedding limo ..The cries are heard from the distance, "I need help... Read More
Are your financial muscles well toned and healthy or flabby... Read More
Have you ever wondered what it would be like to... Read More
Most consumers are aware of the importance of their credit... Read More
Now there are ways to save money in the grocery... Read More
Sorting out your personal finances can be a tricky and... Read More
If you want money you need to learn how to... Read More
It is estimated that we, as consumers, waste an average... Read More
How many drawers did you have to look through to... Read More
Six Scholarship judges were sitting around an oval table. Forms... Read More
During the last twenty years, banks have offered a number... Read More
The first step to financial success lies in knowing your... Read More
An avid cyclist and bike racing fan, I sit transfixed... Read More
While 40% to 50% of us make New Year's resolutions... Read More
Today many women are struggling with debt and it's even... Read More
What is it about being frugal, why do it at... Read More
It doesn't take much for you to get behind on... Read More
Women are charged more for dry cleaning services. Don't fume,... Read More
If you have a 401(k) account, it can be very... Read More
Vacations Made Easy: Buying a Florida Investment PropertyA relaxing beach... Read More
There is a new bill that is being passes, it... Read More
With the advent of the internet and especially auction services... Read More
Many don't realize that our basic utility bills provide the... Read More
We live in a crazy world. Someone ought to sell... Read More
Investing is a subject a lot of people don't want... Read More
Personal Finance |