Think about this for a second.
Whenever we talk about investing our money, there’ll always be excuses. There’ll be talks about the need of being careful. There’ll also be talks about investing only the money you can afford to lose. In fact, there’s even this fellow blogger of mine who has a friend that when confronted with the idea of investing, the friend said “I’ll just wait when I’m rich“. Imagine that! Wait to invest only after we’re rich. The only way that’ll happen is perhaps through inheritance or maybe lottery? There goes the hope of wealth for the majority of the world’s population. Basically, there’ll 1001 excuses of not wanting to invest (or save money for that matter). The image we project is that, investment is a dangerous thing and a sure way to waste your money.
On the other hand, when it comes to other things in life, mainly luxuries and WANTS, it seems like, making those sort of decisions are much easier. Be it buying the biggest plasma screens, the latest mobile phones, the latest cars, the latest designer clothes, and etc. There are no talks that these sort of things being depreciable assets that give you no returns whatsoever.
Think about this, investing has the potential to GAIN YOU MORE MONEY. Purchasing luxuries and wants is a sure way of losing your money. Folks that talked about the need to be careful with not losing money is now making irrational decisions. So, why then, is the latter more attractive?
P.S. This entry is also aimed to remind MYSELF of the importance of saving and investing. Being a human being, I too can sometimes forget this.
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Other related posts:
– My Lobster Project
– Back to Basics: Recovering from Negative Returns
– When can I consider myself financially free? Part 1
– What is Financial Freedom
– Risk Tolerance Level: Part 2
