Should I start investing?

When would you have time to invest?

Don’t you need a lot of money to invest?

Investing is easy, you can earn thousands overnight!

These are some of the questions I am asked most often. I think the best way to discuss them is to break down one of each and break these myths that have been created by online scammers.

Myth 1: Should I start investing?

My answer to this is yes, everyone, regardless of age, should start investing at some point in their life. Not only to earn extra money, but you can also use it to finance a trip or college fund. Not only this, but by investing, you can learn about trends and, much like a crossword puzzle, it helps with the ability to see things others wouldn’t.

Myth 2: When would I have time to invest?

This was my biggest problem when I started. Once I found time the first week, it was pretty simple to find time after that as well. Just add 10 minutes in the morning when you wake up and before you go to bed to scroll through some of the latest stats and place your buy orders is all it takes.

Myth 3: Don’t you need a lot of money to invest?

This is where I think people get it wrong most of the time, when you think about investing most people say you need a lot to get started. Well, isn’t the goal to end up with a lot of money at some point? For me, the less you invest, the more interactive you need to be with buying and selling. Sometimes this can be a good thing or a bad thing. In conclusion, no, you do not need a lot of money to start investing.

Myth 4: Investing is easy, you can earn thousands overnight!

Well, this is more of a statement than a question. The big foundation for this is yes, it has happened that people can make thousands overnight. The problem with this myth is that to do this you need to go ahead and invest a lot of money up front. If you start with a small or smaller amount of money, then you won’t make money as fast. This is fine, although this is how most people play the stock market, and in a way, it is the best way. You can learn more that enables you to invest smarter.