Poeple so scared of using there money to invest

I noticed one thing lately. People are scared shitless of using their money. They rather have it (stored) in the bank than use it.

What do I mean by "use your money"? Simple. If you have a dream, use your money to finance it. If you need to get specialized coaching in order to achieve your goal, hire the best coach available. Do not settle for anything but the best you can afford.

Don't think that using your money may be a financial risk. It's not. It'll be a bigger risk to not use it. Saving your money or investing it into some kind of safe, middle-class stock will not get you anywhere in life. You'll just retire with about the same amount of cash as every other moron who lives in your street. Instead, invest in yourself. If you want to make it, you need to invest - in yourself, in your skills, in your dreams.Don't be afraid to take steps,be afraid to stand still.

Don't be one of those people who hold on to their money and are afraid of using it. Yes, it's always good to have some kind of "money reserve", but trust me... if you use most of the money you make/have you'll become so rich that you will never have to worry about any financial issues.

Get rid of the usual concept of money that may be stuck in your head. Money is just energy/perception that can buy you or get you access to things/information/etc. The day you die you lose it all. It wont matter how much money you have saved throughout your life, it'll just matter how you used and spend it. Look at yourself as a business, or even a financial stock. You can either use your money to invest in it/yourself, or store it in the bank, buy yourself a new car or go on vacation and that way invest in other people. The choice is yours!

Stop thinking as an employe and start thinking as an entrepreneur!

 

There's some truth to this. I'm astounded at how often I read threads on the major webmaster and affiliate forums that say "I want to do this for free"... You know what they say about things in life... you get what you pay for.

If you believe you have a good and marketable idea, why wouldn't you want to invest a few bucks to make it happen? Besides, by investing even as little as $100 to try to promote something you begin to see what works and what doesn't. After a few failed attempts (it's inevitable, folks), you'll begin to gain all important experience. Over time that set of experiences builds, and in turn lets you get a sense of what will succeed and what won't.

I don't agree with surimaribo that you shouldn't have an investment portfolio, or money tucked away in a savings account. I think having a couple months of "fallback" money in the bank, earning a few percent, is perfectly reasonable, because those are considered safe, low risk investments. Anything you do online is high risk, and as such means you can easily lose it all.

There are effectively no businesses that have ever succeeded without the creators of that business investing money in to it to earn a return.

 

But how can you seriously expect to ever get "enough" money if you always keep looking at it as something you don't have in abundance? That kind of scarcity mentality will never allow you to achieve your goals.

Perception is reality! So act/dress/live as if you already achieved your goal. If you keep waiting until you are "ready" or have enough resources (money, contacts, etc), then you will wait your entire life, and eventually die without ever trying to achieve your goals!
am i right?

 

Well that may be the case for others but not for me ... infact i cant give my money away !!!! I have a number of projects on the go and im always looking for new ideas to invest with ...

I talk to a number of very clever people with ideas but just dont have the right entrepreneur approach to make it work ... i set in and do it !
But them people seem to be very flat at the moment.

 

I agree there is some middle ground. I am never sure where to invest my money. Anyone have some good entreperneur ideas?

Has anyone invested in email optins to promote adsense or affiliate pages? Is that a good idea?

Show me the ideas

 

Originally posted by surimaribo "You'll just retire with about the same amount of cash as every other moron who lives in your street."

There is no need to call people morons for nothing . Even though I know it is a figure of speech.

 

A good and stable idea to invest money in is real estates. They might cost some money to buy from start. But imagine when all loans are gone and you have like five houses bringing in money from 40 people. That is a lot of money. It will pay enough money so you can hire someone to mow the lawns and do other necessary stuf for you, so you can have a real day job at the same time. After some time this will bring in enough money so you don't have to take loans anymore to buy new houses. And the more houses you buy, the quicker you will afford a new one. It is a positive circel and if handled right it can only bring you success. You might live to see it succeed, but imagine the inheritance you will leave for your children.

But I think that the thread starter meant more risky investment like investing in new IT companies, investing in a website idea you have because if you succeed well it will bring you millions, or even billions I don't know for sure what you should invest in, but I assume you like building websites or writing content for websites since you are a member of this forum. Try to come up with an idea of next myspace, youtube or flickr thing that will be worth a lot of money. Invest your money in coding and good advertisement, maybe some good pressreleases and try to make deals with some reputed bloggers to write about you. But put the most of the money on making a good site, because if people like it, it will spread by the word of mouth.

EDIT: Another thing you can do is to buy books that is related to the topic, making money. There are tons of interesting books that will give you more ideas.

Hope you got some valuable information of the ramblings above,
Kalle

 

The problem with most people is that are scared to lose the money that they have worked hard for. But if people would just take that jump adn invest in something that could yield a good profit and invest more. And keep on doing this and they would have enough money to do what they want. But people won't take that initial plunge. So there not going to make any money. Or you could lose all your money. It all depends how risky you are.

 

yeah.especially if you just got a stack of quick cash from selling some sites,many people just dont want to part with it so soon.

 

So true! On that forum you will be a rare person

 

Nope.

That's real nice to say but in reality most millionaires got to be millionaires by living their life in a scarcity mentality. You'll never get rich by faking it until you make it, you've got a much better chance of falling further and further behind until you're so far in debt you can't see the light at the end of the tunnel.

You may want to read "The Millionaire Next Door" for an accurate portrait of who the millionaires are in the US (and in most western countries).

You can find an excerpt at http://www.nytimes.com/books/first/s/stanley-millionaire.html

 

I have $2x,xxx saved up in a bank and its just chillin there earning 4.5% interest...I want to invest in something but there are risks. How do i know it will be sucessful. I dont know that and just thinking about losing all my money will kill me.

 

I took a risk last April by quitting my $35,000/year job and becoming full time webmaster. 2006 i made a little over $100,000 so that was my first risk i took and it worked out good so far.

 

I save up all my money until I am positive that my idea could be successful. I've had a very good idea, so I will be investing a couple of thousand dollars in the coming months. This won't be "The next Google" or anything, but it should earn an alright amount each month.

 

What is what is it? lol jk

 

"His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case. "

Very bad. Life is short. And that is common only in West I think. Cause in the East they "own expensive clothes, watches, and other status artifacts".

 

I know. You always see people like that on Dragons' Den. Doh!

 

Very easy to say if you don't have fiscal responsibilities; family, mortgage, etc.

I took my risks after college and it panned out. While I didn't strike it rich with my initial business ventures, they did open doors for new opportunities. Now that I'm older, it becomes increasingly difficult to take chances.

You frown upon savings accounts and middle-class stock investments? You are nuts if you don't include them in any type of investment portfolio. It's those investments that are funding my new real estate investments. Coverdell and 401k are going to be paying for my kids' college educations.

But, you are right in some respects. While you are still living at home, still leeching off your parents, or on your own working a miserable low wage job, you should seize the opportunities now. The opportunity cost is so much smaller when you aren't as dependent on a higher income to support yourself.

 

Not every person is a risktaker. Not everyone wants to put their money into something that they know nothing about. Investing is all about the individual comfort level. For some, not having to worry about a stock tanking with their life savings is more important than being a millionaire.

 

nvm....ignore this