Why Should I Invest?
A lot of us feel like we need to be rich before we can be happy. I myself have thought that many times, but this is simply not the case. It seems a bit like an oxymoron to write an article about finances and to say that they won't make you happy. When I think about what makes me truly happy in life it isn't the money. It is spending time with family and laughing over dinner. It's gardening out in the yard and teaching myself new things. Whatever makes you happy, I'm confident that not having to worry about money would relieve stress and help you enjoy those things even more.
I'm not talking about millions of millions of dollars. I'm just talking about a comfortable retirement on the horizon and an emergency fund just in case anything happens. Maybe a good life insurance policy to take care of your family if anything happens to you. I feel like this is being rich. Anything more is just extra. When you have this, you can enjoy time with kids or spouses or friends and not worry about if you are going to have enough money to pay bills. You could take that art class that you've been wanting to take and fill your home with your own paintings. You could enjoy sporting events and plays and symphonies when you feel like it. You could even go on vacation every once in a while. This is how money plays a role in happiness.
How Can I Get There?
I love the overall concept of investing. It's a more passive source of income and it comes with an amazing feeling. If a company pays me a 50 cent dividend, I am in investing heaven. Making money while you sleep is just so cool! It can seem like a really difficult path to get there though.
Investing is unknown territory for most people and can seem intimidating or even scary. Many people have an Uncle Joe who invested thousands of dollars and lost everything or an Uncle Ken who lives in a mansion and tells everyone they should invest. Why do they have such different opinions and why did one lose so much money while the other gained.
There is too much to go into right now about all the ins and outs of investing, but one thing is safe to say, there are so many different ways to invest right. There isn't just one way to do it. So learn all you can. Whether it's here or whether it's somewhere else. The key to investing is understanding what you are doing and why you are doing it. Why are you buying this stock or this house? What is it going to do for me? Investing isn't a get rich quick scheme, but it is a build wealth and financial freedom throughout your life scheme. And it works.
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
© 2019 Dallin Latimer