INVESTING A SOUND MINDSET
G E T R I D O F F O M O
This article is for individuals who are curious about the idea of investing and its instruments, or those who understand but haven’t decided to move, just yet.
However, this suits best for those who are completely clueless even as to what the word “Investing” means. And if you are one of the few but eager to, it’s not a coincidence why you’re here.
For those who accidentally clicked the article, I’d encourage you to read it through, trust me — it won’t be wasting your time. And to all Millennials, I hope you find this piece a shareable material. Happy reading!
When we hear the word “Investing”, more often than not, we immediately think of money, putting money at risk; that is the idea. Then you would hear people say, “It’s too risky” — the universal statement. We perceived it as a great risk among other options or ways to source out income since it is uncertain where or how it goes. But we’ll talk about that in a moment.
For now, I’d like you to recall the time you’ve heard yourself or somebody else pitching one or two of the famous lines below. Allowme to comment a bit just to challenge your intuition, though;
“I’m just an ordinary employee.” (There is no specific job requirement in investing, I personally know some househelps who are investing.)
“I only have a basic salary, I don’t have extra money to invest.” (A better financial management could help.)
“It’s only for the rich, professional, persons in position, or individual who have attained higher education. It’s not for people like me.” (A big NO! It can be done by anyone.)
“I don’t have enough money for that now because I have things that I want to, uhmm no, need to buy.” (You are just confused between Needs and Wants.)
“I know it’s important but it is not my priority because I have bills to pay and I got a vacation trip next year and I must save for that.” (I understand, I know your trip is important and fun as well, but what happens after your trip? Is there an emoji for being broke?)
These are the most common phrases I get from asking different people about their thought on investing. Well, some might understand the idea but have never truly seen the value of it. Understanding is different from assessing value.
Oftentimes, we tend to dip into the lies behind our reasoning and confuse it with the truth but as the quote says,
“PEOPLE DO NOT PRIORITIZE INVESTING BECAUSE THEY PRIORITIZE WANTS OVER NEEDS, HAVE TOO MUCH DEBT, TOOMANY DEPENDENTS, AND UNCONTROLLED SPENDING.” — CHINKEE TAN
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