Motivation To Invest - What To Know
I have come to realise that a lot of things that people do come as a result of motivation. I remember a time when I visited a friend many years ago when I was in secondary school and I saw how he used to save little money in his piggy bank. So I got motivated to start my own too. I constructed a small wooden safe with some leftover planks and started saving part of my lunch allowance instead of using them carelessly. By the end of the term, I had saved up a considerable amount of money. It came as a result of motivation. When motivation is in place, you can do the seemingly incredible. Here, we shall be looking at motivation to invest.
A friend and mentor once said that "it is not the fruit that you eat that has a future but the seed that you sow." This does not talk about agricultural fruit and seed per se. What it means is that your regular income (maybe as a salary earner) may not be what you will use to secure the future but the investments that you make. He went further to give a very quick format that has guided him towards investment. He said that out of every money that comes into his hands in terms of income (from his salary and other side hustles), he normally takes out 30% and put into a separate account. Once he accumulates a considerable amount, he will find a business to invest in. With this format, he has been able to invest in a lot of business - real estate, stocks, coins, etc.
What you need to know is that in life, even your most trusted job may not be as secured as you think it is. This is why you need to invest and of course, diversify the investment. There are things, however, that you need to have in mind when investing - which also serves as a motivation. The first one is to define why you need to invest. If you have not been motivated to the point that you can comfortably tell yourself the reason you need to perform an action, then you are not motivated enough. The "why" to invest can include to secure your retirement, to live better, to have secondary sources of income, to provide better for your family, etc. Whichever one it is, it should be strong enough to get you to put actions.
After you have understood the "why" to invest, then you need to map out the kind of investment to make. Investment does not just mean throwing in money everywhere you see and hoping for it to yield result. You need to have specific investment to make. It is not everywhere that you should put your money into, and of course, you are not to do every business. That something is appealing to someone else does not mean you should invest in it if you lack the motivation to do so. When you invest into what you have passion for, for example, you will have the motivation for it. Investment is not just about putting money into something but with the purpose of making profit out of it.
Another motivation that can prompt you to invest is knowledge and education. One of the major drawbacks to investment is ignorance. But when you get extensive knowledge about something, it will become easy to go about it. I remember before I came into the crypto space, I did not have knowledge about this kind of investment but when I entered and have gathered relative experiences about the crypto space, it has prompted me to undertake someone investment that are now worthwhile. The more you know and are informed, the better investment you will do and of course, the more profitable it will become.
In this era, there are lots of opportunities that have been made available to make investment easy. Right from the comfort of your home, you can invest in a whole lot of things that will ultimately bring you gain. There is the stock market, forex, cryptocurrency, many online investment platforms, etc. So it is not the question of available of what to invest in but your willingness to invest. Also, before you invest, you need to undertake your own investigations and research, so that you will make a better and more profitable investment.
Thanks for reading
