In today's world more than half of the population do not
invest and this is because of their misdirection in what it means to try and
grow your money they gain their investing knowledge from
what they are told in school from friends family and maybe even their
co-workers however this isn't always the best advice the
truth is that the results you get when you invest are limited to the amount of
information that you have investing is not difficult and anybody
can succeed if they know what the successful investors know
unfortunately the majority of people lack this knowledge and in this video
you will learn what 99 of people believe about investing
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life-changing content number one you must be experienced to invest
how many times have you told yourself that you cannot invest because you are
not experienced well this isn't true but this is what 99
of people believe about investing they believe that before you can invest
you need to have several years of experience
or know everything about investing the truth is that there is no one person
that knows everything about investing but with more knowledge than you
currently have you can make some excellent investment
decisions still many people let this mindset limit
their investing potential the truth is that no one has what it
takes to be a good investor at the beginning
no one was born with the ability to invest you just need to understand the
basics and start right away and learn as you go
experience comes by doing and there is no way that you're going to become
experienced if you don't start investing every great
investor was once like you are today what they did differently from others
was that they didn't wish they had the experience
they started with the little knowledge that they had and built their experience
gradually if you do not have any prior experience you can start by learning the
basics of investing you can learn the basics of investing
through books seminars and mentors like i did
in fact the book that started it all for me was the intelligent investor by
benjamin graham in fact you can get the audiobook
yourself for free today by signing up for a 30-day free trial
with audible using the link i've left in the description
this book and most other information sources can give you not only the
knowledge but the confidence to start your
own investing journey so you see you don't have to be a genius or a wall
street guru to start investing to start investing you need to know the
fundamentals find a strategy that works for you
then create a plan and stick to it in fact you don't need to be good at math
through any numbers to start investing all you have to be good at is learning
new things and if you are starting without any experience
it is best to start with a small amount of money it is advisable that you should
start with an amount that you know you can lose
without it having much effect on your finances that way you can start building
up experience with minimal risk to help
guide you during this time you can also consult paid expertise
there are financial advisors that can give you advice if you feel like you are
lacking knowledge when it comes to investing
based on their own experience they will tell you what investment to make that
will be profitable and how to avoid bad investments the
good part is that their service can be as low as one percent and you may not
need their help after you've gained some expertise
of your own number two you need to be rich to invest
have you ever asked yourself how much money you will need before you can start
investing most people ask this question because
they believe that before they can start to invest
they must be rich or have a lot of money this is what most low-income earners
believe so they give different excuses for not
investing one of the common excuses is that they don't have enough money to
yield sizeable returns although it is true
that you can make more money investing when you have more to invest
the idea that you need tons of money to start investing simply isn't true
in fact it is the direct opposite you invest
to become rich famous investors like warren buffett did not start investing
as billionaires most of them did not even start
investing once they hit the millionaire status
they started investing as soon as they had disposable income and over time
their investments began to grow through compound interest
compound interest is how interest grows over time when the interest begins to
accumulate like these investing moguls you too can
start with little money and watch you grow into big money over time
i'm going to explain how you can start investing with the little money you have
and make a good profit the first thing you need to do is to set
a goal to start investing the same way you set apart some
percentage of your income for savings and spending
some should be for investing the next thing you should do to reach your goal
is to create a budget the budget will also allow you to trim
your expenses and eliminate things that are not needed
that way you can have more money which you can devote to investing
no matter how small the amount there is always somewhere to invest it
do away with the mindset that you must be rich to invest and instead
use investing to grow your own personal wealth
number three investing takes a lot of time do you want to invest but think
that you don't have all the time it takes to invest
or learn to invest well 99 of people believe that they are too busy
and don't have the time this is not because they don't have the time but
because they do not know how investing works
so it is even more difficult for them to learn another reason why most people
don't think they have time to invest is because of their idea of investing
if you perceive investing to be people in fancy suits always monitoring a
trading screen then you don't quite understand what it
takes to invest the truth is that to start investing you
will need to dedicate some of your time to it
you need to take your time to research and understand the company you want to
invest in before you put your money into it
but this is just a basic exercise that every investor is required to do
but it doesn't have to take as much time as people will make you believe
even if you are too busy and don't want to read all about a company you can
simply get investment advice from a financial advisor and save your time
there are different professionals who can do that for you either through a
percentage or a flat fee cost another timing factor that
people consider when it comes to investing
is that it takes a lot of time before you make a profit from investing
this is also untrue while i have always recommended investing for the long term
if you have adept investing knowledge about undervalued companies
you can select the right stocks during economic downturns and harness their
lower prices to flip a profit when the market rebounds
allowing for quicker returns however as i said the smart way to invest is by
investing slowly and aiming for moderate returns
which is how all the most successful investors got
rich number four investing is always risky
investing as a whole has risks but that doesn't mean that all investments will
be risky these are two different things that you
need to understand investing has its own risk but that
doesn't mean you're going to lose your money every time you put your money into
an investment the fact that investing is risky is not
enough of a reason to dissuade you from investing
quite frankly it's a risk not to take any risks at all
investing allows you to grow your wealth but without investing you are not going
to have any nest egg to rely upon in your golden
years luckily there are ways to invest without
risking losing all the money you've worked so hard to earn
simply put you're not going to lose all your money if you diversify your
investment and invest only in companies and sectors you
understand this is one of the golden rules of investing
if you're having difficulty understanding what an investment is all
about then it is probably not the right
investment for you moreover great investors don't see risk
as a threat to investing they see risk as a potential opportunity
in investing because the greater risk generally means
a greater reward and on the contrary the lower the risk the lower the rewards
as well however this does not mean that they will take
on the most risk possible but instead will take calculated risks
where the returns outweigh the costs for most people
investing becomes risky if you don't have
an investing plan you must have a strategy that guides your investing
you protect yourself by spreading the risk and diversifying your portfolio
by investing in high risk and low risk investments
this way you can avoid losing all your money in case there is a drop
in market value number five investing is stressful a lot of people believe
that investing is simply too challenging of an activity
or that it prompts too much stress which is why so few people actually do it
however if you think that investing is stressful then there are some
certain things you're probably doing wrong
the first reason why investing can be stressful is when you are investing in
an asset you don't fully understand you may panic every time you hear news
about such an investment because you didn't know if it was a good investment
or a bad investment in the first place it is best to invest in simple companies
that you understand rather than risking investing in complex
businesses just because they sound like they could
be profitable another reason why investing can become
stressful is when you want to become rich
overnight with investing investing is not a get-rich-quick scheme and you must
learn to be patient to invest for the long term
when you see investing as an opportunity to get rich quick
you keep looking for shortcuts to make quick gains and since there are no
shortcuts in investing chasing profits that don't exist will
exasperate you what i recommend is that you seek out
experienced investors who have recorded the level of investing success
that you aim to achieve you can also pay financial advisors who will help you
make major investment decisions and save you
from the stress involved stress is dangerous to your health and
can also affect your productivity another way you can avoid stress is by
using robo advisors they work as financial advisors but they
are digital platforms that have been programmed to make sound
financial decisions from information provided to them the main
advantage of a robo advisor is that they are cheap and their
predictions are accurate you can provide information on the type
of investment you want and the level of risk you are willing to
take and they will provide the best investment for you thanks for watching
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