Monday, April 18, 2016

Not only rich people Invest



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The scary truth is that many people do invest. “Investing” brings up images of rich fat guys wearing Armani suits, sipping fine brandy and smoking cigars while they sit at the country club, deciding which stocks to buy and sell. We surround ourselves, online and in person, with like-minded people committed to growing and preserving wealth. But don’t get complacent, of people in this world fall prey to the myth that “investing” is something old rich people do. The media spoons-feeds us images of miserly rich people who casually buy companies and count their coins while scoffing at the “ordinary people” who work hard. Thats not true. If you dont recognize that this depiction of investors is nothing more than a cartoonish stereotype, you’ll set yourself up for a lot of financial stress and heartache.

Being rich is not a prerequisite to investing. Rich is the result of investing. People think they aren't rich enough to invest. everyone is rich enough to invest. Got $20 bucks? You can buy one single share of a Vanguard index fund. “But that’s just one share!” It starts with one.

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