Investing can be complicated, but it doesn’t have to be. In fact, it can be simple and even fun.
But that’s probably not what you’ve been told. Financial advisors, investment planners, bankers, and even family members will tell you that you need a professional to handle this. They often say that because they are intimidated by the idea of managing a large sum of wealth. But the truth is that you don’t have to be intimidated by finances. You can and should take control of your own investment decisions.
3 Reasons to Take Charge of Your Investments
You don’t have to become a professional financial planners to handle your finances and make investment decisions. You don’t need to take time off from business so that you can get a handle on this. You just need to do enough work to understand your own finances, goals, and investment opportunities.
Once you fully understand your wealth, you can feel comfortable going to a professional and asking questions. You don’t have to be an expert at everything. In fact, it’s wise to consult other people for opinions, but it’s not wise to hand someone else the keys to your kingdom and blindly follow their suggestions. You are fully capable of handling your finances, and you are the BEST person to do so. Not your husband, not your dad, not a friend. Here are the top three reasons why you should be the one in control.
Your Goals Are The Top Priority
It isn’t hard to find someone willing to tell you what to do. There are people right now who will jump at the chance to tell you exactly what you should invest in. They might have accurate information, but they don’t have your specific goals in mind.
Although there are trustworthy financial planners, you should still not be looking to them as the ultimate voice of expertise. Even the most trustworthy financial professionals get commissions and have their own personal biases. You are the only one who can determine exactly what you want in your future and which investment opportunities will get you there.
Choose What Interests You
You should only choose an investment strategy that is interesting to you. You might find a great investment opportunity that practically guarantees a huge return. However, if it’s boring and difficult for you to learn, it’s probably not the best choice for you.
There are a multitude of investment opportunities every single day–you deserve to choose the ones you enjoy. There will be some that are easy for you to understand, and some that are not. It’s completely okay to pass on something that doesn’t make sense to you–even if it’s an incredible opportunity that everyone says you should take.
You can make investments and just hope to get some money back, or you can be fascinated by your investments and thrilled to learn more about them. Which do you think will fulfill you more?
You Can Take Your Time
There are many investment opportunities that are only available for a short time. People will tell you how desperately you need to invest in something—that you can’t wait, and if you don’t take advantage of it, you’ll regret it forever.
Those people could be partially right. Great investment opportunities don’t last forever. But the way you approach investing is much more important than any individual opportunity.
You should never jump into an investment because you felt pressured and frantic. You should only make an investment when you fully understand it and are happy to put your money into it. When you are in charge of your finances, you can choose not to invest. You can hold onto your money until you feel completely confident about the opportunity in front of you.
If you want to equip yourself with the tools you need to have clarity in your finances and investments, talk to me. I can show where and how to do your research–and I don’t have an agenda. Book a free call with my team today.