HOW TO GET STARTED WITH INVESTING AS A COMPLETE BEGINNER
here is a psychological aspect to investing that most of us don’t know.
Some people view investing as a game, others as a way to increase their wealth, and others as a waste of time.
How do you view investing?
The way you subconsciously view investing will determine if your investments will bear fruit, flush your time and money down the toilet.
You’re probably reading this post because you want to increase your wealth, which is a good start.
Go and put on your best attire, switch of your television, and let’s talk about investing as a complete beginner.
Firstly;
What is Investing?
Investing is faith at work.
It’s a decision that you take at the moment, that you hope will benefit you in the future.
You can decide to invest at least 1 hour of your precious time a day to learn about investing to become a great investor in the future and end up archiving your goal.
You can decide to invest 30% of your salary into the cryptocurrency, only to lose it all the next day.
You can invest your love in somebody for years who tomorrow dumps you for a total loser the following day.
Investing isn’t all about money – it’s more than that, and I’m going to be labeling that out for you in the next section.
7 Steps to Get Started With Investing
(Deep Secrets Revealed)
We’ve primed by the ads to think that investing is all about finances, and I’m here to tell you otherwise.
To start investing to increase your wealth, you’ll need to;
- Invest in Yourself
Most people suffer lack, not because they are uneducated, but because they refuse to invest in themselves.
They live in endless cycles of mediocrity, not because they don’t have well-paying jobs, but because they lack the self-esteem to live their lives to their fullest.
They continuously sabotage their current livelihoods by living in the past and the future.
They’re currently puppets to their everyday habits and appetites – living every day like it was yesterday.
If this is you, start investing in yourself before you try to invest in anything or anybody else.
Consistently keep the small promises you have with yourself and see how that molds your character.
You’ll become unstoppable in whatever investment opportunity you can venture you take.
- Self-Educate
One of the greatest investors of our time, Warren Buffet, claims to read six to eight hours a day.
You – the beginner; read ten to twenty hours a day.
Just kidding!!!
As a beginner, you need to incorporate reading into your schedule for at least one to two hours a day.
Readers are leaders. The key to becoming a successful investor all boils down to what you read.
Start reading financial books and magazines.
Familiarize yourself with the financial jargon and concepts.
Make sure you don’t skip any day without reading because knowledge compounds over time – it’s like compound interest.
- Get out of Debt
Debt is the modern form of slavery.
It yokes you to submit to the person or organization you owe.
Start fighting your way out of debt, or you’ll be a free slave all of your life.
- Save
You cannot invest what you don’t have.
Saving is a necessary step in any investment journey.
It’s simply putting away the excess money you have now to ensure you have some tomorrow when you have very little or nothing at all.
Saving is not only good for your bank but also for your discipline.
Discipline yourself to build a better tomorrow.
- Teach and Learn From Your Family and Friends
Teaching other people what you’re learning reinforces to your mind that you understand the subject at hand.
Stop wasting time with friends talking about the Kardashians.
Start talking about serious stuff like investing.
You may be surprised to know that your friends are way ahead of you on the journey, which will motivate you to learn even more.
