The Year You Start Investing

The year you start investingEvery year, we start with the best intentions to improve our lives.

Including our finances…

But does it seem like the time just passes by and nothing ever gets done?

With investing, there is just too much information out there. Maybe you even decided to be proactive: You sat down at your computer one day and googled investing, and BAM!

354,000,000 results were returned. Crap.

Diary of an Investing Procrastinator

Does this sound familiar?

January 1, 2017

New Year. New Me!

This is the year that I’m going to lose weight/gain muscle!

This is the year I’m going to get that raise!

This is the year that I’m going to start sleeping more, start walking more, start doing all the things that I know that I’m supposed to be doing more.

Most importantly, this is the year that I’m going to start to invest....

Invest for my retirement, invest for my kid’s education…

...Invest for whatever everyone else is investing for.

February 16, 2017

What? It’s the middle of February already? Where did January go?

There was so much I was going to do but I haven’t done anything yet!

Well, except start a couple new TV series and I had to watch those movies everyone was raving about.

And that Superbowl! Well, Lady Gaga’s halftime show at the very least! And the Grammys were great and Walking Dead is started up again and…

Related: Better Money Habits in 3 Easy Steps

Sounds like you? Keep reading…

The 5 W’s of Investing

You want to get started with investing, but don’t know where to start? Then let’s break this down...

Let’s kick it back old school and refer to the good old 5 “W’s”:

WHO is investing for?


Whether you just finished school, or are starting your first job, or you just had a baby and are thinking of your family’s future…

Investing is for anyone who would like to set some money aside for the future.

WHAT is investing?

In simplest terms, it is making your money work for you!

Let’s face it: there are only so many hours in a day that you can earn money. Wouldn’t it be great if you had a way of making money during your meal times or your tv time or even when you sleep?

WHEN should I start investing?

The sooner the better.

Whether you have $10 a month to invest or $1000 a month to invest, getting started as soon as possible is the BEST time to start growing that nest egg you keep hearing about.

WHERE should I learn about investing?

There is TONS of information out there. Whether it is reading investment books, checking out the internet, or talking to financial advisors…

The journey to learn about investing is very accessible in this day and age.

But for those who don’t have the time (and let’s be honest, investing can be very BORING and your eyes glaze over just reading the word “investment”) - I’m hoping this investing series gives you the tools you need to kick start your investment journey.

WHY should I invest?

Ok - this one is easy.


You want to do it for yourself.

You want to ensure that you have a future where you don’t have to work your 9-5 to put food on the table (more like 8-7 in today’s reality, but you know what I mean).

You want to hit a point in your life where you feel that you can enjoy life a bit more and not worry so much about money.

Maybe you want to spend a couple months a year on a beach somewhere sipping fruity drinks, or you want to be able to visit and spend time with your children or grandchildren.

Related: Intro to Points and Miles for Travel Hacker Wannabes

Maybe you even envision a world where you don’t have to work until you’re 65 or even 70 these days.

HOW do I invest?

I never understood why you always had to answer the 5 W’s with a ‘HOW’?

It feels like you finally answer the 5 questions and they sneak another in at the end thinking you wouldn’t notice! Apparently I have some unresolved issues from school (who doesn’t though?).

Anyways, there are lots of ways to invest:

Whatever you end up deciding to do, here’s the important thing:

Make a commitment that, yes, this is the year you start.

Related: 5 Simple Tools To Save You Big Money Every Day

Now What?

Even if you’ve already started investing, there’s always a lot to learn.

Remember that at the end of the day, ONLY YOU are the most suited to ensure that your money is working for you.

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Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity.

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Karen's picture

Can you include some ideas for pensioners in Canada? I have read that anyone who is on a fixed income should not be investing as they have too much to lose and the risk is too great. Do you agree?

February 17, 2017 @ 9:58 am
Stephen Weyman
Stephen Weyman's picture

It depends on what you mean by a fixed income Karen. Most people are on some sort of fixed income. There are different precautions you should take surrounding your risk tolerance and age for sure.

I do think there are reasonable investing options out there for almost anyone. Some investments, like government bonds or GICs for example, have very little risk of loss. The potential gains are also far less to account for that decreased risk however.

February 17, 2017 @ 2:37 pm
JR!'s picture

I would also recommend the Saskatchewan Pension Plan.

February 17, 2017 @ 11:43 am
Damion's picture

Where does one start with ETFs? I subscribe to so many financial podcasts and blogs waiting for som kind of direction. What properties of an ETF should one be looking for?

February 17, 2017 @ 3:29 pm
Hunain's picture

Hello Stephen,

Nice article, I intend to save money this year and your article surely boosted my motivation.


March 08, 2017 @ 12:14 am

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