Making investing personal will not only avoid losing money but will help motivate you to reach your goals.
Brian makes a great point in a recent article about investing. Too many people think of investing as something that’s only for the rich, something most people can’t afford.
The fact is that it’s the regular people like you and me that benefit most from investing. Us un-wealthy 99% should be using investing as a way to create wealth and generational fortunes.
Because of the misconception about investing, we rarely learn what makes a good investment plan from parents or people in our social circles. If anything, we hear the worst kind of investing strategies like investing in hot stocks and passing fads.
More important, something Brian talks about in the article, is understanding how you react to risk and using it to develop a solid financial plan. It’s that understanding of risk and your own goals that will make investing personal.
It’s something you won’t hear a lot about on stock-picking websites or TV shows, but it’s one of the most important investing lessons you’ll ever get.