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.
If you’re not investing, you’re losing money
After digesting my bafflement, I asked them:
“How do you combat inflation?”
I have yet to receive a response from either of them, which is kind of scary.
As they’re both approaching their fifties, they’re still scared to invest their money in the stock market or don’t find the need to “prioritize” investing until the perfect time arrives.
One person said they’re not making any investments “yet,” but when is that “yet” going to come? They’re almost fifty.
One person said they know better than to invest their money in the stock market. Meanwhile, I’m chatting with others who are observing steady returns over the years from investing.
A reminder: It’s never too late to start investing. However, the sooner you start, the better it will be for your financial situation. And if you don’t want to invest in the stock market, then explore other avenues. There is not only one way to invest.
Invalid Excuses For Not Investing
Fear: Fear will keep you broke and your net worth low.
Not making enough money: If you can only start with $1, start here.
Ignorance: Not having financial education is optional. There are too many free resources that honestly teach about personal finance. If you have access to the internet, the library, a convenience/grocery store, then you have access to learning something about finance; take advantage of this to improve your financial situation.
Investing Improves Your Financial Situation
The number one thing that prudent investing does for you is it improves your financial situation, combats inflation, builds wealth, makes your money work for you around the clock, and increases your net worth.
The only cons of investing are that you might lose money, but you lose money when you don’t invest, too, because inflation (cost of living) is constantly increasing.
There is no away around this.
Inflation Is A Money Destroyer
The cost of living continues to rise yearly. Things are not getting cheaper for you. The only way to beat inflation is to put your money to work through educated investing efforts.
If you’re scared, that means you need to spend more effort, energy, and time learning about investing, so you can avoid costly and rookie mistakes.
Fear is a warning sign that more education is needed.
Be mindful of where you learn information about money. It’s best to learn from people who have built a reputation for personal finance and are actively helping to improve the personal finances of families.
People that teach you how to become a millionaire or how to build wealth quickly or earn money fast may or may not be conveying accurate information.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.