This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
But doing this one thing will create it for you
Neither have any investments, which means their money is sitting still – aka not moving or working on their behalf.
They both still have 20–30 years before they reach 70, so there’s still time to pivot into investing, but neither seems to have any urgency about it.
Then you have others who do invest, but it’s all in one type of investment, like XRP, which may or may not do well and is technically “high risk.” They have no outside diversification in their financial assets; they only own shares of one crypto.
Whenever I mentioned other successful investing strategies I’ve tried, they said verbatim they don’t feel comfortable because they don’t know anything about it.
That’s a cue to go educate.
How You Invest Is Most Important
Whether you do or don’t invest doesn’t matter as much as how you invest.
Investing in startups isn’t smart if they all fail.
Investing in crypto isn’t smart if you don’t hedge and diversify your investments.
It’s all about diversification and getting started early – not just with investing, but with your financial education.
For those scared of the market, my words to you are simple:
Go look at the average returns for the stock market.
It’s about 8% if you incorporate inflation.
Fear Is Not A Healthy Financial Tactic
Losing money will happen whether you invest or don’t invest. Your money will either slowly burn by inflation or become affected by the stock market or investment downturns.
The key is that one will always bounce back, which is what sound investing will do for you.
When you avoid learning about the stock market, real estate, REITs, cryptocurrency, and other investment strategies, this won’t create financial independence for you but will limit your net worth.
There is no such thing as a risk-free investment.
There is no such thing as 100% success when it comes to investing, but you will experience success if you consistently invest in the right things, but you can only do this by financially educating yourself.
Fear and ignorance will hold you back financially throughout your life.
I keep reminding myself to prioritize financial education because I will get left behind if I don’t. A proven strategy to succeed financially is to invest, but if you educate yourself while investing, you will always be much further in the game of money.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.