Ready for Some Motivation?!
Keep scrolling if you'd rather take the 1 hour free video course on Udemy or via YouTube.
But here is the Takeaway: 8 Reasons Why Everyone Can and Should Invest:
#2 - Investing Can Be Simplified
The hardest part is actually getting started. After that you can be as involved as you want! It doesn't even take a high school education:
- 80% of millionaires are self made and on average start investing at age 25.
- This janitor was worth $8 Million when he passed away.
- This billionaire investor, one of the richest men in the world, started investing at age 11:
#3 - Income Doesn't Matter
Wealth is all relative. It isn't about how much money you make, it is about what you do with the money you DO make. If you put a decent fraction of your money into investments and a 6-figure income earner doesn’t, you’ll be doing far better than them in the long run!
- I'll point to the janitor example again.
#4 - You Can Achieve Any Financial Goals
This reason is my favorite. Here are a few things you can achieve:
#5 - It Costs Far More to Wait to Invest
Don't delay the inevitable, because it actually costs more. Waiting until later to invest for the same end goal will cost far more out of your pocket. Lost time = lost compound interest.
#6 - Everyone Has the Ability to Invest
All you need is a day or less to get started and an internet connection (which I know you already have!). No fancy degree required. No crazy strategy required. Any buying individual stocks? Definitely not recommended - the best way is much simpler and far less risky!
#7 - Everyone Must Invest to Retire
Investing is the only way to build enough money, plus you get to pay less taxes! Who doesn't love paying less taxes... or perhaps no taxes ever again in retirement?
#8 - Almost Everyone Will Retire
Everyone will retire and usually earlier than they plan. This can be for a number of reasons, such as health or just not wanting to work anymore after 40+ years. You may think you'll just never retire, but 40 years from now you'll think differently. It won't be pretty if you are forced into retirement with nothing saved up!