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Top 4 Excuses for Choosing to Not Start Investing

Sure, our economy isn’t perfect. In fact, it’s far from it. While there are millions of people who truly don’t have the means to invest, there are tons who are able but make excuses for choosing not to save the smart way. Investing boasts great benefits but many continue to worry about the hassle, burden, and confusion instead. Here are a few of the most common excuses why so many refuse to invest their funds.

1. I’ll Get Around To It When I’m Older

There’s no better time than now. The earlier you invest, the more time you have to grow your money. Your monthly required savings are much lower when you begin investing young which allows you to more easily accumulate big savings.

You may be fresh out of college and making a 10k less than you had anticipated but that shouldn’t stop you. You don’t know what financial obligations you may have down the road that could further deter you from investing.

2. I Don’t Get it: Investing Goes Over My Head

Remember when you first learned how to write a check and balance a checkbook? Were you puzzled at first? Probably. You asked for help. You looked at directions. The same goes for newbie investors. You can get all the support you need from trained professionals and helpful investment websites such as Market Outpost.

There are people whose sole careers are focused around advising people with investments. Get a financial advisor and all of your questions will be answered. Most will charge you next to nothing when you invest with their company too.  You can always research on your own and start small with an easy to manage IRA account.

3. I Don’t Have Enough Money To Invest

Yes, in most cases you need an initial one-thousand big ones just to begin. You may not have that chunk on reserve now but if you resisted an unnecessary pair of shoes or a new gadget now and again, you could begin putting away a little every month to reach that thousand-dollar goal in no time.

One-thousand dollars may seem like a small amount to even bother with but if you use that excuse for years to come you will have potentially lost thousands in the meantime.

4. I’m Too Scared I’ll Lose Money

The market does have serious surges and it also sees dramatic losses. It can be uneasy at times but can also be unbelievably rewarding. Getting professional help and understanding the system is key to prevent investment anxiety.

You can begin investing very conservatively and with a balanced portfolio until you become comfortable. Stay informed and monitor your money and you’ll see that the gains far outweigh the occasional losses. Know that there will be speed bumps along the way but you’ll never see a stop sign in the world of investing.

Investing can be very scary at the beginning. Remember that as with anything in life there are both risks and rewards.  By taking a risk and choosing to begin investing your money now, you’ll see rewards in your future.

Peter Christopher

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