How To Invest Money
For many reasons, money can be compared to cigarettes or sugar. People just can’t seem to get enough of it! In fact, money is one of the sole things that pushes an economy forward. Or in our case, money makes the world go ’round! However, why don’t more people know more ways to invest their money, so they don’t have to worry about money so much?
“Money doesn’t buy happiness.”
Money is what allows people and their families to live with a roof over their heads and clothing on their backs.
What the majority of the world doesn’t know is how many ways there are nowadays to invest your hard-earned money, to make money while you sleep!
Let’s take a look at a couple of ways you can invest money like the pro’s!
1.) Stock Investing Account
A beginner-friendly app and company that is focused on commission-free investing, and to make investing accessible to anyone!
A more familiar trading app and company that starts to open you up to charts analysis and indicators. It also has amazing community access so you can plug into a group, versus trading blind on your own.
A more professional, secure, long-term company that offers anything to trading stocks, to investing in bonds. With their up-to-date news and affairs page, you’ll never have an excuse to miss important reports on your favored companies and spaces.
These are just a few examples of companies that offer access to the stock market!
*TIP: Invest your money into the account, not into the stocks!*
When first starting out, it is always a good idea to get the money ready to invest, and practice trading in a journal, or there are several trading games available on mobile devices and computers!
Among the stock investing community, 9 out of 10 gurus would recommend new investors to start “Paper trading,” or demo trading; to understand the market space and software used to invest online!
2.) Investing Money Into Yourself
Mental health is always going to be number one. So why not make sure that you are improving your mental health on a more guided journey?
-Go to your local bookstore and look around
I’ve never seen anything wrong with finding a good book at the book store, and taking a couple minutes to sit down and read what it’s about!
My favorite go-to genres are:
Stephen King (Fiction)
Self-educating is a very ghost-like topic. You may google search something you need on the spot. However, when was the last time you actually sat down with a notebook and took notes on a subject that you have interest in?
-Attend positive improvement seminars
Individual speakers like Tony Robbins, or Les Brown can inspire or find true solutions to people’s everyday struggles and problems! Why have they been so successful? Because they see that there is always a solution. As there is always a reason why there is a problem in the first place!
Humans and the human mind are ever learning, changing, and adapting to the environment around it.
Something that never seems to change is the desire to improve ourselves.
-Record your personal journey and what you discover
Personally, I love using notebooks and journals to keep my ideas and plans accessible whenever I forget something.
We want to make sure that you start off with knowing the true basics of why investing money is a lot less risky than people may think.
With united resources from across the web, it has never been easier to get connected, and get ahead with your money and expenses.
3.) Open up a 401k Investment Account
Let someone else invest for you
Bi-weekly contributions taken out before you get your paycheck
Choose to invest in riskier to not so risky portfolios of companies and projects
Let the natural flow of the market make interest for you!
Downside of 401k
You get taxed to touch it before the retiring age of 59 1/2
Taxed again when you purchase anything.
Taxed again later when taxes are due in Spring
Investing in stocks is a risky world. But it is absolutely a way that people make a living and can even make great fortunes. Risk management is what makes or breaks most people when it comes to investing.
You should be making more money decisions that involve investing, either it be in a trading market, or investing in the better well-being of yourself!
You are your best asset, so why waste so much time working for someone else’s company?
Be your own entity and brand. Investing in yourself is key!
Automatic investing into a 401k is good to do as a rule of thumb for any middle-class individual, however it is not the only way! You need to widen your view of the world and see what else there is to make money and how to prosper off of “passive” income.