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…
Plus a travel bonus worth another $150.
Quantities are limited.
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.
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:
- doing it yourself, or
- with the help of a financial advisor, or
- using Robo Advisors, or
- using index funds, or
- buying individual stocks, or
- maybe even purchasing property.
Whatever you end up deciding to do, here’s the important thing:
Make a commitment that, yes, this is the year you start.
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.