It’s Not Rocket Science

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“Isn’t that risky?” a woman recently asked me with an absolutely terrified look on her face when I mentioned one of my favorite investment strategies that takes advantage of stock market trends. Before she even completed the question, she added “Well, I guess I lost a lot of money invested in a traditional stock fund that I thought was safe, so it was actually risky.”
We’ve all been there and done that! What I have learned is that what is risky is not learning the investing basics of any asset before putting your money into it. This is usually accompanied by thoughts such as “Well, they (advisor, stock broker, real estate agent, or other “they”) do this for a living, so I don’t need to have any independent knowledge about this investment since “they” know so much more than me”; it can even feel intimidating, and lead to feeling sort of small and insecure-that seemingly enormous world of finance and investing.
The truth is that learning investing basics is just not rocket science. Think of all the areas in your life where you would never, ever consider hiring someone to do a job for you without knowing the basics so you can make wise decisions while not actually doing the day to day work yourself. This is often related to things that may not be as significant as your money, such as vacations and home remodeling….those things that your money provides.
In addition to choosing wisely when it comes to your money, what about the empowerment that comes from knowledge and the ability to confidently lead the growth of your money no matter what happens in your life…with or without those seemingly safe and permanent factors, such as a man or a certain job or large client.
Are you embracing your financial journey and creating security with your money? If not, make a list of actions that can you take NOW to step into that place of empowerment?