Motivation Inspiration: 5 Ways to Get Yourself Investing ASAP
Think of the last time you were really, truly driven to do something. What made you tick? Perhaps it was the gorgeous but a tad too tight fitting Reformation dress that made you finally take up that spinning class. Or maybe, your newfound determination to move to South America has ignited a long forgotten passion for Spanish. Whatever it is, the key takeaway is always the same - having a clear and specific goal in mind motivates us to do whatever it takes to achieve it. Motivation is an emotional driver, so why should finding the motivation to invest be any different?
Here at 5 ways to help get your investing motivation ball rolling:
- Think about the money you could be making.
Simply putting aside your income and letting it sit in a savings account may not be enough - with nasties like inflation eroding your purchasing power, you might as well get your money to work harder for you. Think of it in terms of all the holidays and handbags you could have - if you invest.
- A little goes a long way.
Start small and don’t procrastinate - investing a little bit today will get you further in the long run. And just because your partner is already investing, and doing a decent job at it, doesn’t mean you shouldn’t be doing it too. Remember, never rely on anyone else but yourself when it comes to investing.
- Risk doesn’t have to be scary.
It’s important you understand that investing doesn’t guarantee any profits. In fact, you could lose some or even all the money you set aside to invest. But, with higher risks come greater returns, and instead of viewing these with panic and skepticism, you should focus on the adrenaline-like rush of excitement.
- Spicen up your conversations.
OK, this may come off as a little conceited but think about how sharp you’ll sound next time you’re at a dinner party and instead of the usual chatter about how awful English weather is, you passionately debate the pros and cons of passive vs. active investing. Authority and status are important driving factors, and that’s nothing to be ashamed of.
- Be an inspiration.
Like it or not (we certainly do not), investment savviness is a trait more often associated with wolves of Wall Street than it is with hard-working women. Why not be the change you want to see in others? Break the cycle and start to invest and who knows - you may end up inspiring your friends, sisters, mothers and daughters to do the very same.