HOW TO INVEST WHEN COMING FROM POVERTY

Person Holding Coins

“Where do I start?”


from the bottom

For those of us who grew up poor, once you decide to embark on a journey in your career, you have to think about something. How you will invest your money once you start making good money. Because when you come from the bottom you really don’t quit understand what it means to save or invest your money. You have an idea of what it takes to invest money, but you don’t know. Yes, there is always the stock exchange, but other than that, nothing else really. And even if you get into the exchange, it’s best to invest money a little at a time.

read and learn

You have to read a lot of books and conduct a lot of research. This is no guarantee you’ll know what you’re talking about, but it will allow you to get a chance to start understanding how to develop an eye for a good investment. Now, from time to time you could be wrong, but remember if you have any doubt hold off. It’s better to miss out on an opportunity than to invest and you’re no sure on where to put your money or how to place your money.

taking l’s is not the end

No one wants to lose especially when it comes to money. We all want to be the Peter Thiel who can grab hold of great investments in their investing career. But that is not the case for. most people. But rest assured, I’m sure Thiel has taken some hits over the years. You can’t become a billionaire and not lose at some point in time. Just as long as the loses that you take are not greater than the wins. Meaning, you can easily lose 9 times at an value of $100 each. But if you hit $1,000 on that 10th try, you are now up $100. And that’s hoe it works, but you have to be willing to stick in there for the long haul.


Personal Website: http://www.faheemjackson.squarespace.com

Instagram Me: @theefaheemjackson

Twitter Me: @2320howe

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