Why You Should Want to Invest
If you want to eventually obtain wealth and have a decent amount of income for retirement, then you will have to either win the lottery or learn to invest. There is no way that savings alone will yield you the amount that investing will. When it comes to saving, the amount of interest that you will get on your savings account is low. Apart from that, inflation will eat away at your interest over time.
When you take inflation into account, your savings might actually start to lose money over time. On the other hand, investing works on interest, compound interest, and dividends. There are very wealthy individuals who obtained wealth without some type of investment strategy. If you are a beginner, investing might seem overwhelming, but the reality is that investing can be quite simple. The key is understanding. In order to understand how to invest, you have to use all the resources that are available to you.
There have been thousands of books that have been written about investing, and you want to find the ones that are made particularly for beginner investing. Three highly popular and renowned books for investing are the following:
The Intelligent Investor, by Benjamin Graham
A Random Walk Down Wall Street, by Burton Malkiel
I Will Teach You to be Rich, by Ramit Sethi
Books are a great first step when it comes to investing because they are able to go into extreme depth when it comes to the step-by-step processes of investing. All the books that were mentioned above help set you on the path to financial freedom. These books can help you to unscramble some of the misunderstood terms and nuances of investing, and they make it easy to understand.
Vlogs are a great way for you to get information about investing if you are a beginner. You can find great vlogs by going onto influencer websites or even by just going to YouTube. The nice thing about vlogs is that you are able to watch a video and see an expert explaining investing. Apart from that, savvy vloggers put up photos, tables, and other useful tools that you are able to look at in order to help you to better understand the concepts that they are teaching. Another great thing about vlogs is that many vloggers will have different series for investing that will give you more step-by-step information that is palatable and in small chunks for your understanding. With vlogs, you can also take notes, pause and rewatch. Vlogs can be a great learning resource.
Blogs can also be great resources when it comes to learning more about investing. Similar to vlogs, blogs are written articles that provide valuable content. Blogs can give you the information in small parts, and you can read and reread them. Apart from that, blogs can point you to other valuable resources that will move you along on your journey in investing.
You do well to take a course on investing if you truly want to understand how to invest the right way. There are several courses that you can take and some of them are even online. NinjaTrader courses can be invaluable to beginners; they offer innovative courses on how to do day trading. Regardless of the type of course that you take, being able to learn in a class-like setting can be beneficial. You can study, get lead instruction, and see examples. You are also able to get your questions answered.
When it comes to investing, the sooner that you get started the better. Compound interest is on your side when you get in the game young, so you do not want to delay. Investing is not only for the rich, but it is for those who would like to get rich one day. You do not need to have a huge income in order to invest, all you need to have is a strategy. In order to get a good strategy, you do have to do your homework, but the yield is completely worth all the work. Choose one or several methods in order to learn how to invest the right way, and start investing now.