Have you ever seen the documentary about how millionaires made their fortunes?
If not, let’s be 100% clear…
It’s not because of the salary they earned. But because of their
Most millionaires are people who’ve been able to set aside and invest a certain amount of their money regularly.
And when they invested their money, they saw how their wealth and net worth increase over time.
Without much effort on their part.
But don’t be a statistic because many are afraid.
Afraid of taking risks when it comes to
Yes, this is a safer play.
But one that provides a zero return. Your money won’t increase as much as it would
And investing isn’t hard.
It requires some money, a little effort, reading, YouTube, or Google. And it’s one of the best things you can do for your future.
Because your money is either growing or being devalued by inflation.
So don’t be a statistic, and start
The word “investing” can be used as an umbrella phrase for many different meanings.
Because your time or effort can also be invested.
But when I say “investing,” I’m talking about the different ways you can use your money to generate even more money.
You’re “lending” some of your money as a needed resource for a certain product or business project to grow or get off the ground.
And once in “gear,” it’ll create even more money from the money you let them borrow.
Then… a part of this new money generated by that asset or company will return to you as part of the initial money you contribute with.
But also in the form of profits (more money on top of the money you invested) to increase your own wealth.
And this is all done with a little effort on our part.
What The Statistics Say
A survey back in 2019 showed about half (47%) of all North Americans aren’t
Even though today there are so many different investment options.
The same survey provided the following statistical data:
- 60% of people start investing shortly before the age of 45.
- 24% of the people who have invested, have done so with less than $500.
- Only 14% of the people who have invested sought the help of a professional advisor. In fact, 65% don’t use any type of counseling.
The survey findings show most Americans are clueless investors. With a low level of success when it comes to
So don’t be a statistic, learn how to invest your money and take action.
The Difference Between
Investing and Saving
As many investors use someone else’s money.
Which is very risky.
But this means it’s perfectly possible to separate both terms:
While saving means “securing” a portion of your money. Often in bank accounts or funds that pay a percentage of interest. You aren’t really actively using that money to make more money – which your bank does.
Investing involves actively looking for the different investment opportunities that are available in the market.
And knowing how much risk we can each handle without losing all our money.
While trying to get more and more money. And this is why I recommend
You’ll get a consistent return over time the longer you are invested in the market with them. But just don’t be a statistic and lose your money by
Six Reasons to Start
Let’s now look at the main reasons you should take action and start
1) You’ll Increase Your Wealth
Only through smart, low fee
Just keep in mind there are different times to recover your invested capital (money) and obtain a profit. There are short, medium, and long-term
Tip: Never buy whole life insurance.
It’s not an investment unless you want to invest in making the person who sold you the policy or the company wealthier.
As a general rule, it is the long-term
2) Save For Retirement
You might think the point above is the main reason why people invest.
But, most people invest for retirement.
Because most people are dependent on a salary to survive, they need to save and invest a good part of their
But don’t be a statistic.
You don’t have to wait until you’re age 60-65 to retire. Just figure out how much you want to spend each year.
For example, if I want to spend $30,000 per year I would do the math $30,000 x 25 = $750,000. I’d need at least that much money invested in the stock market to pull 4% each year and get the $30,000 I need or want to spend each year.
That’s called the 4% rule.
However, most people think “retirement” is an age.
You can have fun while living a simpler life when young and invest most of your money. And then retire from working if you don’t want to anymore before reaching 45.
3) Inflation is Real
Another great reason to start
And we can easily see inflation has been a constant in life for several decades. It’s a lot higher in some countries more than in others.
But the constant devaluation of your money should be one of the main reasons you should be
Shit, don’t have large amounts of your money sitting in a saving account thinking you’re “saving.” Because you’re not.
And every day, month, and year the value of your money is worth less and less.
Plus, life-changing events out of your control happen.
And only those who have a diversified and solid investment plan manage to get ahead without suffering major losses.
Investing Will Help You Achieve Your Financial Goals
Investing is the fastest way to reach the big goals you have for yourself in life.
These goals may include:
- Buying a house
- Purchasing a new car
- Starting a business
- Paying for your childs education
- Travelling the world
- Never working another day in your life if you choose not to
The speed at which you achieve any of these goals will depend on the type of
And the percentage of return your
5) Support Those You Love and Different Projects
If you’re one of those people who like to help others, your community, or have a family who’s relying on you – investing is the answer.
Investing can be an excellent way to support other people and help them accomplish or get what they want in life.
Or make things a little easier for them.
Not everyone has the same opportunities you and have. Life is different for each of us. And your money is a resource. You can do a lot of good with it.
Or help local artists, musicians, businesses, and charities.
One of the advantages of being an investor is that you can obtain significant discounts on the taxes that the government applies to personal
If you invest pre-tax money in a fund like the 401K, you could get that benefit, and in the event, you have a loss, you could apply that factor to other
Things to Know Before
Investing Your Money
(1) You Need to Educate Yourself – Don’t Be a Statistic
It’s your money, and
You should set aside some time, and focus on learning more about money, personal finance, business, and how different investments work.
And if you don’t have the time, there are actually many different options available to you that will make investing easier.
As well as assets that can make your life much easier when it comes to
(2) There is a Risk of Losing Money
As we already mentioned,
However, if you have enough preparation or advice, you can minimize that risk considerably.
Just don’t invest money you can’t afford to lose. Or money you need at the moment like within the next five years.
Learning how to invest your money in a way that works for you needs to happen. Because you don’t want to be a statistic and some number they always throw around like in the data from the survey above.
What Should You Invest In?
There are a wide variety of different assets you can invest in. Some involve greater risk than others.
But as a general rule, the higher the risk, the greater the return on your investment.
Here is a list of the most common assets you can invest in today:
- Stocks –
Investingin company stocks
- Bonds – Financial instruments that generate a fixed
- Mutual funds – Investment pools (think of a basket of individual stocks)
- Exchange-Traded Funds (ETFs) – Similar to mutual funds
- Cryptocurrency – Like
- Real Estate
- 401(k) Plans
- Precious Metals
- Raw Materials
And there are many more assets I’m probably unaware of.
Don’t Be a Statistic – Invest Your Money
Money is a tool.
It’s always better to invest versus save your money. Because
And in addition to that, your overall capital will not run the risk of losing value over time through inflation.
But remember, if you manage to raise a large amount of money, be smart with it.
There are tons of people, things, and ways to lose it just as fast as you got it. And if you lack the knowledge about using it and how to invest it properly, it can lose your capital.
Don’t be a statistic, invest your money…
Just do it wisely!