EP 090: Why You Should Invest, And What Happens if You Don’t

Recently, we hosted a goal-planning workshop and really dove in to the type of person you need to be as well as the steps you need to take to fulfill your financial goals.

(If you haven't seen it yet, click here to join our free version of Power Trades University in order to access it for free)

That got me thinking about people's goals with money... 

And what stops them from going after those goals. 

I break it down in the episode below.

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The biggest thing I see is:

1. Mindset

2. Fear of getting started

Let me break it down like this...

If you could be given a million dollars today or a penny that doubles every day for 30 days what would you pick?

Most people take the million dollars. 

But if you did that and don't know what to do with it, you may lose it. It probably won't be enough for you to live off of for life. 

If you compound the interest with 1 cent doubled every day, you actually end up with over $5 Million.

The lesson is:

Most people look at investing like if they can't make $100K immediately then its not worth even trying. 

But you need to have a long-term perspective. 

Many keep from getting started because they don't think they have enough money...

They don't think $500 can do anything to change their life.

But that's where they are wrong - think about the compounding interest and the penny example above. 

It CAN have a positive in your life - if you know how to use it and have correct knowledge to make it work. 

Some people have FEAR of getting started because they think it will take too long in order to grow their account. 

A long time?

What is a "long" time to you?

To me, working 40 years to retire and the whole time not living the lifestyle you truly want is a "long" time. 

If it takes a few years to get your account off the ground... is that really a "long" time if it changes your life?

Again - it's about perspective. 

Start thinking differently...

With the mindset that you CAN start small, it may take a little bit of time...

But it CAN change your life.

And that's why it just may be worth getting started investing in the stock market. 

You are already trying to change by saying:

"I want to learn how to trade, or I want to see if I can make this work".

That is an excellent start - KEEP GOING. 

Is something stopping you from getting started?

What's stopping you from getting excited about that $500 in your account?

My job is to make you excited and to help you keep learning. 

Most people cannot identify with something they don't have. 

For example, if I told a new trader they could make $500,000 in the stock market - maybe they wouldn't believe me or associate themselves with that amount because it is so far from what they have currently. 

Let's do an exercise together to help you break that barrier. 

Instead of thinking about ALL the things you could have (cars, houses, etc)... 

I want you to think about what's at stake if you don't do this, if you don't start investing.

 Take out a piece of paper and write down these 4 categories:

1. Family

What is at stake if I don't invest for my family?

I used to think when I first started trading: "One day I will get married and have kids and if I don't invest, I won't have time with them". 

If I had to work multiple jobs, they would never see me. But if I invested, I could create more time to have with my family while still supporting them well.

2. Personal

What happens on a personal level if you don't invest? 

I knew if I didn't invest, it would show I was scared to make something myself. It also would limit the choices and options I had available in life. 

3. Health

What happens to my health if I don't have money?

I have noticed those who are wealthy spend more money on their health each year, and oftentimes this leads to better health.

Think about it: You can have a personal trainer, better food, maybe even a personal chef, spa memberships, and so much more if you have the funds to do so. 

Even down to insurance and hospital bills. 

4. Wealth

What does this mean for my wealth, meaning my legacy for passing wealth down or helping the community?

Imagine not being able to help your family or community because you decided not to invest.

What would it mean to be able to help?

I hope this four points excite you to get started wherever you are with what you have. 

The power move is getting started. 

Not how much you have to get started with. 

If you need a little push, get our free course by clicking here which will help you outline your goals and give you the info to get started.