103 - I'm Too Scared To Start Investing
In this episode of the Mind Money Soul podcast, I’m going to be sharing what to do if you’re scared to start investing.
I've had a lot of conversations with 'finance bros' who just talk at me, but recently I had a conversation with a guy who did a really good job at explaining crypto. Initially, I dismissed it, but the more he explained it to me and I gained an understanding, the more I was open to exploring it. It made me realise that the way I initially reacted with fear, is the way a lot of people in my community feel about investing. It's this reaction of "I'm scared, I don't understand it, I don't want to talk about it and therefore it's not for me!"
This conversation and reaction inspired me to record an episode on how to navigate fear when you're scared of investing. Knowledge is power, especially when it's put into action. You can't just mess around and hope that one day your finances will sort themselves out. It’s important to find out what fuels you in life. Why do you want money? What does wealth mean to you? What does freedom look like to you? You can use this to fuel and drive your motivation to learn. This can be your North Star to guide you to get started with investing. Learning how to work through, reduce and act upon your fear is going to help you create your dream life and actually build wealth.
In this episode:
How to uncover what's behind your fear of investing
What do do if you're scared of investing because of 'losing money'
What to do when you hear horror stories about investing
What to do if you're scared of investing because you don't 'know enough'
Why you don't need loads of money to start investing
Resources
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