After everything we’ve seen in the Challenge about how to choose financial and investment advice you can trust, and the tsunami of investing information and research out in the world of investing, why is it that:
only 8% of people make it financially
Noel Whittaker ‘Making Money Made Simple’
We’ve shown you some gurus to avoid, how to find them and rate them. Now it’s up to you to choose your own guru or two!
Don’t fall for 2 common investing traps:
- Investing overwhelm
A common syndrome, often encountered!
You abandon your investing goals, or maybe our BiG Challenge – don’t! There is hope.
Now is not 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 help by making the complex simple.
If investing is too daunting for you, or there’s no time to do it yourself, get an expert to do it for you.
- What if you make the wrong choice?
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 (hear and see his 3 stories in his speech to Stanford graduates in 2005)
Just do a bit of research, find the best, or an expert in the field – just as you do when you go shopping for any product or service. It’s no different with investing advice.
Google or use the internet to help you find, compare and rate information faster and more easily. Even if you do choose a guru who doesn’t work out, there are many more available.
The weekend’s almost here.
What are you going to spend your precious time and money on, to change and improve on your current financial situation (I know you want to!)?
What have you got to lose by spending some time looking at all the investing resources we’ve found for you? And to get ready for next week’s series “Time to invest – just do it!” where our goal is to help you focus your time and energy and really get moving. To take some substantial steps and 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. (Just enter your details/click on the “Subscribe” green button to the right and be part of the Challenge and receive our updates – free!)
All the very best with your investing!
the Bucket List Investing Chick
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)