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.
A truth you must accept
To make money, you must put your money to use.
How do you put money to use? Via investing.
Money that sits still needs to be fixed to your advantage.
Compounding your money by putting it to work in various investments is how to build wealth.
Investing in the stock market is not the only way to earn money; there are plenty of other ways to compound your money, such as:
Partnerships
Real Estate
Business
Lending
The stock market is one of many places you can put your money to grow.
And the best way to learn about less familiar investment strategies is to educate yourself.
For most of my life, I thought the only way to get into real estate was by buying physical property until I learned about REITs.
You can only do as good as the knowledge you possess.
It’s Too Late For Me To Get Started
The longer you avoid investing, the harder it becomes to get started. We’re all familiar with the habit of procrastination and its effects.
Whether you’re moving in the right direction or not with your actions, you’re building a habit. And for many people, that habit includes not investing.
Many feel that since they’re in their 40s, 50s, or 60s, there is no point in investing, but they forget that we are all living longer.
If you start investing at 40, you still have potentially 20–30+ years to save and stock away money.
It’s never too late to start investing.
I’m Scared To Lose Money
Whether you invest or don’t invest, you will lose money.
If you invest, you will lose money when markets are down, or you come in contact with risk.
If you don’t invest, you will lose money to inflation.
Either way, you’re losing money. But only one option will also allow you to gain money.
Which would you rather experience?
My Experiences
I’ve lost money due to investments. Most of my investments have been sound, but I’ve also made some faulty investments. The goal is to learn and pivot quickly. Try to avoid making the same mistake twice.
Most importantly, don’t stop investing. There will always be competing priorities that seem to take precedence over consistently investing. Don’t fall for these traps. Stay consistent.
The best thing you can do for your finances is to consistently invest because by doing so, you will keep your money replicating, which will help you build genuine wealth.
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This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.