Hey, my internet marketing, personal development, and financial literacy friends!!! 😊
Hope you are all having a great day, today you are going to discover 6 different ways you can learn how to start investing your money.
If you’re a beginner investor, or somebody who is trying to get comfortable with investing, I’m going to help you uncover these 6 things that you need to check out.
You will get nowhere on your journey towards financial independence if you do not start investing your own money.
By the way, I don’t just mean your investing money into the stock market, but you’re also investing your money into other asset classes too.
Let’s dive in now and explore this idea, about the 6 different ways you can go about learning how to invest your money today.
The first way to learn how to invest is to…
1. Open up a demo account.
Now you can open up a demo account with various online investment platforms, it’s very simple, you just go online, and you register a demo account, it’s great because, it’s just like playing a game.
Decide on what asset class you want to invest in, you can invest in stocks, shares, bonds and just play around with it.
Think of this as a fun account, this is not real, this is a demo, which stands for demonstration, you’re practicing how to invest into these various asset classes.
Let’s dive into number two, which is to…
2. Do your research.
A great example of this would be when Bitcoin became popular, the coin was doing so well it seemed like the fun train would never end.
What happened is that people would start talking about how much money could be made, and how others have already gotten filthy rich with Bitcoin.
I remember being in a Reddit forum called r/Entrepreneur and they were talking about the massive potential of Bitcoin and how they should dive in right now!
However, someone in the forum said “Don’t just jump in and invest your money into this thing? Go away and do some research? Go and understand what this cryptocurrency does? What it’s about? What has their performance been in the past? What are the fundamentals of this crypto look like? Is it performing well? Does it have a strong balance sheet?”
Unfortunately, most people ignored this person’s advice, but I gave it some good consideration and was able to make a more educated decision when I did buy my Bitcoin.
I highly recommend if you’re fairly new to investing, to make sure that before you go into making any form of investment, you take the time out to understand what you are investing, by doing some research.
Point number three is…
3. To learn from others.
When I was younger, I didn’t really know anyone that actually invested, I did have a few friends who’d go to these secret in-house meetings and learn about pyramid schemes. (We’ve all had that one friend that tried to “Invite” you to come to one of their “Private millionaire masterclasses” 😂 😂 😂)
But they weren’t really successful, the only thing I knew personally was investing in physical property, which is what I was looking into at the time, I was looking into investing in property.
But at the time I got introduced to Let’s Talk Money! with Joseph Hogue, CFA, that’s when I got started investing in different asset classes.
What I’m saying here is that it pays essentially to be learning from other people who have done it, they know what they’re doing, and you can see whether the money is going up or down.
However, it’s fine if it’s going down because, I had a particular investment strategy that I was focusing on from a channel called Minority Mindset by the Video host: Jaspreet Singh, and when he explained it, it made sense, also on top of doing my own research, I was quite confident in that investment strategy that I decided on.
The next way to learn about investing is to…
4. Read investing books.
I’ve got so many books on so many different topics, and the thing about investing books is that you would never find one book that teaches you all you need to learn about investing.
Some focus on, building a portfolio, others focus on teaching you about index funds, some teach you about real estate, some teach you about commercial real estate, some teach you about cryptocurrency, and so.
What I find is that you might have to read two, three, or possibly more books, to get a bit of a decent grasp of what investing is really about.
And then you might want to take what you’re learned, and apply that knowledge in helping you, invest your own money.
When you talk about investing, for somebody who has not invested before, it might seem so foreign, so you might be a bit scared and hesitant about investing.
Just to break that barrier, I thought, why not share a few highly recommended investment books? So that you can see, there isn’t so much jargon, and it’s actually in English that you can understand.
What book have I got?
Well, I’ve got more than just 1 book for you I’ve got 9 MUST read books for Aspiring Millionaires! Believe me, you do not want to scroll past and ignore this top 9 list of the bestselling millionaire books that you need to read if you want to become a millionaire.
What I love about these books is that they make perfect sense, they’re straightforward, you don’t need a fancy degree to read these, and you don’t need to have a massive vocabulary, so go and check the link now!
Okay, let’s jump onto the next point, which is to take the step and…
5. Invest in something.
Nothing beats taking the leap of faith and gaining some experience by doing something.
It might be that you say to yourself, “You know what, I’ve been learning so much about this investing topic, I’ve read books, I’ve met other people, I’ve gathered some thoughts on what investment strategy I want to follow, I now want to take the leap, and do it.”
You might want to start small, say $200, $500, or $1,000, but actually commit that money, and then, turn that theory into practice, by making that investment.
I made a blog post quite recently that did very well called, STOP! 8 BEST INVESTMENTS To Make RIGHT NOW In Your 20s (And Over)
You definitely want to check this blog post out.
The link is right here, it’s a step-by-step guide for beginners, that you can check out, in order to understand things such as, what the stock market is about?
But more importantly, look at the steps we’ve outlined for you to take that leap, gain that experience, and make your first investment.
By the way, as I mentioned early in this blog post, it’s not just about the stock market, it might be that you want to start small and invest in a small business, whether it’s online, whether it’s offline, whether it’s a digital business, whether it’s a blog, or whatever it is you’re starting.
The key is that you’re learning this new skill set, and by taking that leap to actually do it, you are gaining the experience and learning from that process of doing it.
6. Get the book Skills. Scale. Sustainability.
Come on! You know I had to bring the fire, so why am I recommending this to you? Obviously beyond the fact that I am the one that made the content.
Why is it?
Well, because I have tons of content about business, finance, investing, and most importantly how you can not only, survive but even thrive, during bear markets, which are always bound to happen.
This won’t have the secrets to EVERYTHING, but it will have you covered on the most crucial things that you must know in order to become successful in your life.
So yeah, with that said, make sure to check it out, the link in right > > > HERE!!!
One thing that I asked my followers on Linkedin when I posted my book is “What would you say is the key learning outcome that you found from my book? And what’s different about my book compared to others you might have read?”
What was quite interesting to me was the response that people had given to me which went like this.
“The way that you deliver the information is in simple English, you’ve cut all the jargon, and literally anyone can read this book, understand, and gain confidence to start investing.”
So, click here now, and get started… Thank you 😊
Well, my friend, that’s the end of this blog post, I really hope you’ve enjoyed the six different ways you can learn how to invest your own money as a beginner.
I publish a brand spanking new blog post every Saturday.
Once again thank you so much for reading this, I really appreciate it, and I’ve had lots of fun making it.
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