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May 10

7 Reasons You’re Not Investing…

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Even though you know you should be.

None of us is stupid; we all know that we should be investing so that we can enjoy a decent or early retirement.

The problem most people have is that even the thought of looking into Investing fills you with dread.

You get that sick feeling in your stomach, and you start to imagine these men in suits talking down to you with financial jargon.

At this point, our mind then decides to give us, and what seems at the time, very valid reasons as to why we shouldn’t do it.

We Make Excuses

Make no mistake. These reasons we give ourselves are excuses. They are holding us back to what is rightfully ours—financial peace and prosperity.

We need to stop calling a spade a shovel and start calling it what it is…

You may only use one of these excuses, or perhaps you use several, but either way, you need to notice that’s what you are doing.

This will allow you to become aware of the excuses you use, and then you can stop yourself from trying to excuse yourself from doing what you know needs to be done.

This will slowly erode your investing fears, lack of investing confidence, and your laziness to get started.

Here are the seven excuses that you may be feeding yourself that keeps you money poor.

“It’s not for me… I’m Not a Professional.”

As excuses go, this one is pretty common. The problem with this excuse is that it gets distorted in our minds.

Not only does it stop you from Investing yourself, but it prevents you from getting professional help.

Because you don’t want to look foolish, you have that image of the man in a suit talking down to you.

Because of this excuse, you have no way of ever getting into investing. Leaving you with an irritating feeling of always missing out…

“If only I’d have invested when I had a chance.”

Suppose this is your excuse or one of them. In that case, you need to take a look at this article, “It’s not for me… I’m Not a Professional.” which goes deeper into why you use it and how you can stop yourself from using it.

With no suit and no jargon, I promise.

“I’m only young… I’ll start later on.”

My personal favourite. An excuse I started using aged about 19 when I first learnt about pensions and compound interest. 65 years old is just such a long way away.

But as you get older and years pass like weeks, you really do wish you’d started sooner. And then, of course, we become too old.

This excuse comes from the belief that we have plenty of time, which, of course, is technically accurate.

What we fail to take into account is that the excuse is typically enclosed within other excuses.
“I don’t earn much, and for now, I’d rather have fun.”

“I’ll do it when I earn more.”

“When I earn more, I’ll have enough to put aside for investing.”

The trouble is, life never seems to pan out that way. What actually happens is that as you earn more, your debt just has more zero’s, and you never have enough or spare money to save, let alone invest.

You need to convince yourself that the sooner you start, the smaller the investment you can begin investing with. It doesn’t matter how small as anything is better than nothing.

Begin by saving your first coffee, beer, or whatever your indulgence every week and then making it a habit; use an app to take the decision away from you.

Investing has two aspects, these being time and money.

The more time you have, the less money you need to start with. The more money you have, the less time you need.

“I prefer to invest in things I can use.”

We tend to use this excuse when we haven’t adequately visualised our goals. You don’t really understand what the big deal is about investing because…

“We need a new car.”

“We need a bigger house.”

“This gadget will save me time and energy now.”

“This new cool thing makes my life easier now.”

It can also tie into the “I’m still young.” excuse.

This is because we have been taught by media and advertising (big corporates) to live in the now. Instant gratification. And we see it all around us, and everybody is doing it, so it must be right. Right?

In my previous life (BI-Before Investing), every time I got a pay increase, the first thing to come to mind was how can I spend that extra money.

If I had a bit of cash left over at the end of the month… what can I spend it on?

The dispute with this poor money management and mindset is that instant gratification never lasts very long. The big corps thrive on that fact.

You have to keep buying to keep getting the pleasant feelings from your instant gratification. Reasonable goals and money management are the keys to eradicate this excuse from your mind. Click here to find out more.

“I Don’t Have Time.”

One of the most frequent answers I hear for why people aren’t investing. They either don’t have the time to learn anything new to invest for themselves, or they believe they don’t have time to find someone else to do it for them.

No one should ever use this excuse for anything because it just simply isn’t true. We all have the same amount of time.
Some people just use their time wiser.

If this is you, you need to read this article and get yourself some extra time.

“I Don’t Earn Enough.”

I’m afraid with that kind of mindset, you never will. The more you earn, the more your problems tend to cost.

If you don’t have an abundance mindset, you will never believe yourself to have enough.

The excuse “I barely have enough money to make ends meet, so I have nothing left to invest” is often used by people with good salaries.

This comes about because we are convinced (by others) that our necessity needs to get bigger as we earn more.

This plays out like this; you need a car, but you buy a Mercedes, you need a drink, but you buy a bottle of champagne, you need a shirt, but you buy an Armani shirt, you need new sneakers, but you buy Gucci sneakers.

There is only one winner when playing the game of life like this, and it’s not going to be you. Things don’t make you happy… experiences do.

Expensive toys and goods should be bought with passive income from your investments. If you don’t have passive income, buy the best value version of what you need and then invest the rest.

This excuse often goes hand and hand with… you’ve guessed it, “I’m still young.”

The same principle works here. Start by saving your first coffee, beer, or whatever your indulgence every week and then make it a habit; use an app to take the decision away from you.

To break this cycle, you need to manage your money. CLICK HERE to find out more.

“What If I Need This Money?”

If this is your excuse, you need to read this article because you aren’t managing your money correctly. And this is causing you to be fearful of what hasn’t happened (and possibly never will happen) yet.

There is a big difference between managing your money and budgeting. One helps you become rich (which is not a bad thing), and the other keeps you poor.

Even if they do the exact same thing.

Again if this is you, then you need to read this article.

“I Can’t Afford To Lose Any Money.”

Our fear of losing money is ingrained in our non-conscious mind. Without money, we can have no shelter or food. And we’ve all heard the story of someone losing their shirt.

The issue, of course, is that it’s the story that prevents us from investing because it’s causing fear. The story, however, will undoubtedly have been embellished and exaggerated to become a more exciting story.

Some of the stories may even be correct – occasionally, investors do suffer significant financial losses.

But the long-term statistics show that if you’re patient and follow your strategy, you will recover any lost amount over time and have considerable gains to boot.

Most investors do make money, but we don’t hear about them because they’re not exciting stories.

Most people say that they can’t afford to lose money but are allowing the money that they do have to lose value over time due to inflation.

Conclusion

Doing nothing is riskier than doing something because doing nothing is a sure loss due to inflation. As is putting all your money into savings, they just simply don’t cover inflation.

Now you know why you aren’t investing, let me show you why you should be investing with me.

What you should do right now!

The W4A PAMM account is all about growing your funds quicker, enabling you to invest in other areas or provide you with a passive and steady income.

To serve my clients equally well, I have set a limit of 100 high earning accounts. Once those are complete, the doors will close forever.

Don’t let this opportunity pass you by, click here now and apply to become one of only 100. Your future self will thank you!

What you should do right now!

The W4A PAMM account is all about growing your funds quicker, enabling you to invest in other areas or provide you with a passive and steady income.

To serve my clients equally well, I have set a limit of 100 high earning accounts. Once those are complete, the doors will close forever.

Don’t let this opportunity pass you by, click here now and apply to become one of only 100. Your future self will thank you!

Callum McLean


I believe that everyone has the right to be financially free. I founded "Wealth 4 All", an organization that guides people from all walks of life to achieve that goal, either by teaching them how to trade or through passive investments. Connect with me to get started today.

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