When it comes to investing, a lot of people shy away thinking it’s hard, too much work, etc. Although investing can sound and seem very daunting, making the decision to invest can have you reaping in benefits for years to come. Don’t get caught up in an investing myth that holds you back.
There are five common excuses or investing myths, that often scare smart individuals like yourself away from their investment journeys. We’ve gone ahead and debunked the five investing misconceptions that are likely to be holding you back.
1. I Need a Lot of Money to Get Started.
Wrong.
If everyone who ever decided to invest their money already had heaping piles of it to start with, there would be very little motivation to invest in anything at all. The point of investing your money is taking a sum from your savings, that you’re comfortable with and that isn’t doing you any good by sitting dormant, and placing it somewhere where it can grow into a mountain you’re able to stand on.
It doesn’t matter how much you’re investing, it’s more so how and where you do it. Also, as a company, we understand that it’s hard to see such a large chunk of money leave the safety of your savings account, so we’re not opposed to starting off with lower sums! We operate with a no-minimum investment policy and are committed to helping turn your financial mole hills into mountains.
2. I Don’t Have Enough Time.
This investing myth will stop you every time. In today’s face-paced world it is so easy to look at your color-blocked calendar and never-ending to-do list and say “I’m booked”. This mentality won’t just stop you from investing, but it can put you in a rut of only doing what you are obligated to do, and never scheduling in time for what you want to do.
Your goals matter and they deserve to occupy some of your time. And unless you survey out the time to do this, like you do other things you prioritize, you will always feel like you do not have enough time. At Invested Interests, we try to make this process a bit easier by breaking down the process into smaller increments of time. For example, to get things started with us, all we need is a 5-minute phone call.
3. I Can Just Start Investing Later…
Okay, technically this isn’t untrue, but it’s not our favorite mentality. Why start tomorrow when you can start today? You can start investing today, tomorrow, or five years from now, but depending on what stage of life you’re in – waiting around for tomorrow to come might not do you any good. The more time you have to let your investments mature, the better and the only way to let that happen is by starting young so they have that time. So, by putting off your start day you could be seriously impacting the quality of your returns.
4. I Won’t Get a Say in Where My Money Goes…
We are so honored to be the first to tell you that this is not the case anymore, especially not when you work with us. Impact investing not only allows you to decide where you put your money, but also clarifies the impact that your money can have on specific causes that matter to you. Whether you’re interested in the environment, human rights & diversity, or peacekeeping efforts. Anything you want to support: we have a portfolio ready and waiting for you.
5. I Don’t Know Enough to Get Started.
That’s why we’re here. We understand that financial knowledge is something you adapt and evolve over time, so not everyone has the same stuff stored in their brain when it comes time for them to start out. Our team has zero predetermined expectations for you when we meet. You tell us what your goals are, and we lay out a few ways to help make them happen. So don’t fret! This is a judgment-free zone.
Aside from helping our clients get great results and make bigger impacts, we are also passionate about educating our online audience about different investing strategies, trends, and terminology. If you’re looking to increase your financial or investment knowledge, check out our other blog posts and follow us on social media! By doing so, can you learn smarter, easier, and socially responsible ways to invest and how to get started.
5. Investing Myths Managed
Being aware of the misconceptions and myths surrounding investing is the first step to knowing they aren’t really issues that should be stopping you.
And there you have it, these 5 investing misconceptions no longer stand in your way! Give us a call today if you’ve decided that you’re ready to invest. Our team is looking forward to getting to know your values and financial goals. Reach out to us at: https://investedinterests.com/contact-us/
