Updated August 2020
There’s tsunami of investing information, research, advice and tips on choosing financial and investment advice out in the world of investing.
So why is it that:
Don’t be in the 92% of people who don’t make it financially and don’t fall for 2 common investing traps:
- Investing overwhelm
It’s a common syndrome, you abandon your investing goals, or maybe the BiG Challenge – don’t, there is hope.
Now isn’t the time to just flick through the business or real estate sections of the weekend papers, or to watch the final episode Game of Thrones … anything but actually committing to the laborious, scary world of investing.
It isn’t rocket science, It’s easy to get bogged down, but often the best investment gurus can help make the complex less threatening.
If investing is too daunting for you, or if you haven’t got time to do it yourself, get an expert to help or do it for you.
- Fear of making mistakes or bad decisions
You may turn to the first guru you find for investing advice, or friends, relatives, acquaintances or taxi drivers! Wherever you get your advice, don’t waste your time on it if it doesn’t help you succeed. Take a tip from Steve Jobs…
Your time is limited, so don’t waste it living someone else’s lifeListen to or read Job’s 3 stories in his speech to Stanford graduates in 2005
What will you spend your precious time and money on, to change and improve your life or financial situation?
What have you got to lose by spending some time looking at all the investing resources in BiG and elsewhere?
Google or use the internet to help you find, compare and rate information. Even if you do choose a guru who doesn’t work out, there are many more out there.
Get ready for the next series in the BiG Challenge “Time to invest – just do it.” Helping you focus your time and energy and really get moving and taking some substantial steps to invest, in something.
Love to get your feedback – email or leave a comment.
I’d also be delighted if you find BiG and my work helpful, and share it with friends, family and others who want to build on their investments. Subscribe to BiG, get our free BiG news updates and be part of the Challenge.
All the very best with your investing.
Where to next:
Week 3 Days 22-26 Time to invest – just do it
Where we’ve been – 30 Day Challenge Blog overview:
Day 5 – Who Can You Turn to for Investing Help? People and ‘Players’ in the Investment Industry (Day 7-8 W/E)
Day 12 – Part 4 Less Regulated Advisers – Analysts, Commentators and Gurus (Day 13-14 W/E)