5 Things to Get Rid of Before Learning to Invest
- Steve Cage
- Jun, 25
This isn’t about cleaning out your closet or de-cluttering your home. This is about de-cluttering your mind to be able to openly learn new facts. This will help you be able to better understand and learn how to invest or any other option you may pursue. I am going to talk about your lifestyle, time management, doubt, excuses, and your extra spending.
What is your lifestyle like now? Do you live like you have all the money in the world? Do you have to have the latest and coolest gadgets? Do you surround yourself with people who aren’t trying to better themselves? Have I struck a nerve yet? The problem is we want to change, we want to do better, and we want more money. So are we living daily to better ourselves, or are we living to impress our friends?
Managing Your Time
Going hand in hand with your lifestyle is time management. In today’s world many spend their time with their nose on Facebook or YouTube. While that isn’t completely evil, it should be limited. Focus on what time you have available in a day, figure out where you can schedule building bricks. “At 2 pm on Monday I am going to take an extra side job to add to my investment savings so I can make more money”. I would much rather work a side job now than regret it financially later.
Self-Doubt Holds You Back
Get rid of doubt. Self-doubt is a big “No, No”. Why? It is a big leader in keeping you from doing anything you want to do. When I say anything, I mean absolutely anything. Get rid of it. You cannot possibly work on an investment if you constantly are thinking “I can’t”. You’ll never get anywhere with it, and you will never, literally make any money with that train of thought. You hear all the gurus say that the way you think is what you attract. Guess what. They are right. You achieve nothing. Your dreams, or what you have tricked your mind to believe, have come true. Now I don’t know about you, but I definitely do not want that as my outcome.
Fact Doubt – What Is That?
Get rid of fact doubt as well. Oh yeah, fact doubt. What is it? Well, fact doubt is when you have heard so many supposed facts about a certain topic, and you honestly believe they are true. This also keeps you from understand what actually is true. Have you ever had a friend that would tell you fact, and because it was the one person you absolutely trusted, you took their fact as truth. Then later down the road, you find out that it wasn’t as true as you thought it was? It works similar to that. Don’t take other peoples words. Get the real facts. Do your research and don’t close your mind to new facts that could be coming to you.
Excuses – The No-Brainer
Boy, oh boy, do we hear about these all the time. Excuses! They are everywhere. It almost seems to be a plague. It is the slightest little excuse for the largest moves that could benefit lives, usually derived from self-doubt or fact doubt. You’ll come up with anything nearly to avoid making that step in fear. It gets even harder when it revolves around money. Everyone holds on to it as tight as possible. Trust me, I understand. However, how can you make more if you don’t plant it somewhere and let it grow?
Extra Spending – Bank Killer
The last thing I want to talk about is extra spending. I am so guilty of this myself, it really isn’t funny. I have to check myself quite a bit. Ladies, gentleman, don’t look at your spouse or other half, look at yourself. We spend too much on things that we absolutely do not need. It does not feed us, clothe us, hydrate us, or benefit us in anyway other than it makes us feel good. I have a question, would having more money to spend or put back for your family make you feel good? Do you want to be able to make someone else happy while making yourself feel good? There is a process to ask yourself, what can it do for me? If it does not benefit me and help me grow, I do not need it. I already have a grill and a radio. I do not need a grill with a built in radio that costs $1,500 at Lowes. Lowes might make you feel like it too. Just say no! You make the decisions in your financial future. You control what the outcome would be. Why not make a change now?