Is It Hard To Invest?

To most people, finance is like an iceberg in the middle of the ocean. They can only see what’s above water, and even that part, they look at it as if there is fog surrounding it. But is it complicated to invest nowadays? No, not really. Let us explain some important points to you.

First of all, people shouldn’t be sacred of finance. It shouldn’t be that way, especially that it’s a huge part of our daily lives. We buy and sell products and services millions of times per day. To put it more accurately, roughly 1.01 billion credit card transactions occur every day around the world according to cardrates.com.Yet, I’ve never seen a single class in any school being taught about finance and the importance of managing your financial life, NEVER.

When you mention economics or finance, most people immediately start picturing endless rows and columns full of numbers, complicated charts, and math equations that make your head spin around. Perhaps they might imagine several traders on the trading floor yelling and screaming at their peers to fulfill their clients’ orders.

In the old days, to become a trader and work for a big financial firm, you needed a degree in business of some sort; the higher, the better, and you might also need some strong connections to get in and long years of experience. However, today things are much easier. You don’t need any of that because it’s much simpler to become a trader/investor. All you need to do is:

1) Decide where you want to invest your money.

Which market? Is it the American stock market? How about the crypto market? Is it the Forex market? Commodities? Bonds? Tech? Oil? Cars? Energy? Health? Insurance? Education? It’s really your choice.

2)Find an exchange that deals with the market that you chose.

For example, if you decide to invest in the American stock market, you could use Etoro. Or, if you choose to trade crypto, then you can use Coinbase orBinance. There is an exchange for every market.

3) Make sure that the exchange that you chose is legit and secure.

You can do some research about the exchange before you open an account on it and start investing. Therefore, if you can’t find good reviews or not enough good reviews, then you must immediately look for other options. There are many others; you aren’t looking for a good enough exchange; you must find the right one. Another idea is that you don’t want to move your money between exchanges all the time. You will end up paying a lot in fees.

4)It’s time to make an account and verify your identity.

So now you found the proper exchange and just like when you open a bank account.

Obviously, the law will require you to provide your personal information, such as your name and identity number, because it’s for your own security and to make sure that you won’t use your account for any illegal activities.

5) All you have to do now is buy the stock or cryptocurrency you wish to buy.

But if you do that without any research just because your friend told you about a new coin that’s going to the moon and make you both rich, you better stop; that’s gambling.  Lousy investors often end up losing everything.

Like any other skill in life, investing and trading take time to learn, and you need to do your research and try to find useful information that will help you become a better investor.

The thing is, the world of finance is big. Really big!.

There’s a market for everything in almost every country around the globe. Think about that for a moment. It’s fascinating to realize that it’s true. To give you an idea of the sort of things you can buy online, I searched on google ‘crazy things you can buy online,’ and I found an article titled ‘50 Craziest Things You Can Buy on Amazon.’

These are the first ten:

1- A prefabricated home in a shipping container.

2- 1,500 live ladybugs.

3- Uranium ore.

4- A home mushroom farm.

5- A cat butt tissue holder.

6- A wall decal of senior citizens in a golf cart.

7- A human finger bone.

8- A peanut butter and jelly of the month club.

9- A bacon-scented mustache.

10- A dog dryer.

Do you know why? Obviously, it’s the internet. As a result, we are more connected than ever before, and it’s possible nowadays that you could buy whatever item or service you wish to buy and have it delivered to you within days, if not hours. We are selling, buying, and exchanging in these markets every day, and since we are part of this world economy, we must pay attention to it. Even if you don’t want to become a financial expert, you still need to keep yourself informed because it will help you make better financial decisions that will lead to a better financial life.

You are a trader AND an investor already.

You are a trader and an investor, whether you like it or not. Even if you have never bought a company stock, a cryptocurrency, or even a piece of gold, you are still a trader and an investor; all of us are. We all do it differently, but for the same reason. We trade our time and energy for a store of value such as money, so we can use it later to buy ourselves the things we need and want.

You might be trading your time for money every day as a teacher, or you might be trading your energy for money as a farmer, or it could be your mental energy as a writer or a programmer. There is nothing wrong with any of these methods to generate an income. It’s just that each of these methods has different limitations, and in some cases and some jobs, one job might be better than the other, but not in every situation. For example, it’s better to be a farmer in an apocalypse rather than a programmer.

You are also an investor, not necessarily investing money, but your time in tens of things during the day. You might spend your time drawing a nice picture, and that is investing your time in this picture, hoping that it’s going to be your best work so far and maybe you could sell it for a sum of money, or it could have a personal value that money can’t buy. The point is that you are trying to create value by investing your time in something productive.

On the other hand, you can also invest your time in things that aren’t going to bring any meaningful value to your life, like watching cat videos for 30 minutes.

Conclusion

Over the years, I’ve come to realize that investing in oneself is the best investment, hands down. No amount of money or profits will open your eyes to the world if you can’t open your mind and let it guide you on a self-improvement journey.

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