How to Unlock the Roadblocks to Invest
Many people say, “Oh yeah, I should invest”, but then because of this and that and this again, they don’t do it. You know? So how to unlock those roadblocks that are blocking so many people from taking the first step in order to make their investments?
If that’s your case, remember! Those investments will be done through your financial freedom fund and the purpose is to accelerate your prosperity and build wealth. Let’s get started!
No skills: Many people say, “Oh, I don’t know how to do it. I don’t have the skills. And that’s why I don’t invest”. Well, like always once you have identified the problem, you can start working on the solution and that’s really, really important. You identify the problem; you can then work on the solution. Alright, so, what do you need to do when you say “Oh, I don’t have the skills. I don’t know how to do and so on and so forth”? You can join an organization that can help and support you. A community of peers with the same interests that is there for you, that is going to help you to go to the next level. You can also start to educate yourself, to increase your financial intelligence. This is important because it’s not because you don’t have the skills that you’re not going to do. Work on your skills and start doing it. It’s no time for excuses, just do it. The fact that you are reading this, is very encouraging and tells us that you are serious about increasing your financial IQ and accelerating your prosperity.
Money: “I don’t know how to make my money work for me”, “I don’t have enough money”… the question is “how strong is your will to learn how to make the money work for you”? This is a very important question. Are you really prepared to learn? Are you prepared to pay the price, to learn what needs to be learned and to do what needs to be done? That’s very important. You need to be prepared for that.
Let me just ask you a question: “Do you feel that you will have enough income when you retire”? Think about it for moment. “Do you think you’ll have enough income for your lifestyle when you retire”? If you feel that you don’t or you might not have, then you must start doing something about it and the sooner the better. Joining The Access Club or another business club can be a good place to start.
Time: Many people say, “I don’t have the time”. Well, time is basically a trade-off. If you do one thing, you don’t do another thing. We all have the same 24h in a day, but have you noticed some people manage to do a lot more than others in those same 24h? You need to get your priorities straight and define how long you want to work at accelerating your prosperity.
Like Arnold Schwarzenegger likes to say, sleep six hours per night and you have 18 hours to do whatever you want or needs to be done, “Oh, but I can’t sleep only six hours” well, “sleep faster!”
So, if you think you don’t have enough time, start prioritizing what needs to be done in your life and… sleep faster.
On another note, with time it’s really a matter of trade-off. Watch less TV, spend less time on social media, stop spending time on things that don’t add value to your life, stop reading the news. Important news will always find you. Join a time management course… and apply what you learn.
Risk and fear: “I’m afraid of investments”. “Investments are for this and that”… and so on and so forth, just think that all you need is to increase your financial IQ, your financial intelligence. Start improving on that and you will see your levels of fear regarding investments drop and your tolerance to risk increase. Consider diversification at an asset level as well as at the asset class level and start building your portfolio.
F.E.A.R. is an acronym for False Evidence Appearing Real. We build it ourselves, in our own minds and most of our constructed fears end up never happening. F.E.A.R. is just an illusion. Courage is not the absence of fear, it’s to act in spite of fear. You know, we all have our fears, however those who move on in life are those who act in spite of their fears.
Trust: Know, like and trust are the keys to do business with someone. One needs to know the counterpart, needs to like it and needs to trust it. These three principles must be aligned. If there are only two, it won’t work. The three must be there, so get to know the people you are planning to be in business with. Your instinct will tell you from the first moment if you like them or not. Trust your instinct, your gut. Then, take your time to study them and learn if you are prepared to trust them or not.
Timing: Is now the right time to get started in the investment world or not? Is this the right moment? Well, it is, it absolutely is. Just think of what happened during the last financial crisis in 2008, some of the biggest companies we have today have started at that time. Think of WhatsApp, Uber, Groupon and so many others. They all started at that time, right before or immediately after or even during.
This is the perfect time to get started as a major wealth shift is about to happen. Where do you want that wealth to go? To someone else’s pocket or to yours?