Title: Ways to Break the Fear Cycle and Get Started in Investing
1Ways to Break the Fear Cycle and Get Started in
Investing
2Getting started is the hardest part. This may be
especially true for investing. The stakes are
high. Theres a lot to know. It seems like other
people are smarter, richer, more capable than
you. Historically, investing was mostly for
wealthy families. The good news is that there
has been a seismic shift in the financial
services landscape, said Brent Weiss, a
certified financial planner and co-founder of
Facet Wealth in Baltimore. Firms have been
working to make investing not only more
affordable but more accessible.
3To reach your goal, use the method that you find
most appealing. You might look at your spending
habits and make some small changes, such as
bringing lunch to work one or two days a
week. Start saving 100 a month or 1 of your
pay, Weiss recommends. And remember that every
little bit counts. You will begin to create good
habits and feel good about your progress, which
will build on itself over time, Weiss said.
4Its not just our money, its our money minds,
Weiss says. For instance, out of sight is out of
mind. When it comes to your money, that can be a
very good thing. Having an automated savings
plan every month that puts money into an
investment account is ideal, Weiss said. We
have to develop healthier habits and create
routines that keep us from the emotional mistakes
that most consumers make when it comes to
investing.
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