The lies you've been told about investing

Hey zxcv, it’s Mark.

I get messages every week from people who feel guilty because they haven’t started investing yet.

They think they’re behind and everyone else has figured it out except them.

But when I ask them a few questions, most of them are actually in a better position than they realise.

The problem is they’ve been told these three lies about investing:

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Lie 1: You’re Falling Behind If You’re Not Investing

Just because you don’t have an investment portfolio yet, it doesn’t mean you’re falling behind.

Investing when you’re not actually ready is like building a skyscraper without a proper foundation.

There are a couple steps you should have covered first.

You should pay off your high interest debts, and build up an emergency fund of 3-6 months of expenses before you think about investing.

So, as long as you’re slowly chipping away at one of those, you’re not falling behind. You’re making solid progress.

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Lie 2: You Should Only Invest In Stocks

One of the biggest misconceptions I hear from beginner investors is what they think they can invest in.

Most people think you can only invest in stocks. Some think of real estate and crypto.

But there’s actually few people who think about investing in themselves or a side hustle.

While it might be a bit riskier than index funds, your returns from a side hustle or yourself are much higher. You also have much more control over your investment.

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Lie 3: Investing Will Make You Rich Quickly

Now, while investing can definitely make you rich, it takes time.

There isn’t an investment that can make you a millionaire overnight, so be careful of anyone who says otherwise.

I always thought about it like this… my side hustles and businesses made me fast money and my investments grew my wealth.

They worked together, and now at 58 my passive investments generate more in the background than my businesses, however, that was only possible because of the side hustles I started in my 20s.

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zxcv, which lie was the biggest eye opener for you? I’d love to know, so hit reply to this email.

All the best,

Mark Tilbury