How to find time to invest
Beginning investors often wonder how to find time to invest. Some of them are sure that this will require a lot of free hours, but they are already in short supply. We will tell you how to find the time and become a successful investor even in a time crunch.
Five steps that will help you find time to invest
Step one. Determine why you are investing and what goals you want to achieve. Do not try to motivate yourself with general phrases: to create passive income, to increase your capital - these are all someone else's goals. Try to formulate your own. What do you expect from investing? Maybe for you it is a new step in self-development or a way to realize a dream: to work without being tied to a geographical area, or maybe you just want to pay off the mortgage faster and start saving for a business.
Imagine, today you are sitting in your seat and have X amount of money that will grow at the same rate it was saved. Your 10-year mortgage is preventing you from flying on vacation and upgrading your auto. But if you allocate an hour every weekend for self-education, in six months you can start the first steps towards investing. Perhaps in another year you will get the first decent results and then the mortgage can be paid off much faster.
Once you see your goal and ways to achieve it, you will immediately want to work and move forward. This will be the first step to finding free time.
Step two. Do everything gradually and in order. If you try to cover everything at once, you will get nothing but frustration. Don't throw yourself at every idea you learn, take simple ideas into work.
For starters, try opening an individual investment account. Find a broker that offers good interest rates and gives 100% capital protection guarantees.
Buy federal loan bonds - it's not difficult and has virtually no risk. Bonds have a nominal value of 1000 rubles, choose those that are a little cheaper, then you can sell them more expensive. They will bring a profit of up to 10%, which is better than a deposit. In this case, you will not have to take risks or use special financial knowledge.
Step Three. Realize when you learn, you are already investing your time. Make it pay off with 1000000% profit. After all, time is the most valuable resource and spending it in vain - a great crime.
Step four. Investment is one of the basic components of life. As soon as you master the basic things: fundamental analysis, passive investing, investment strategies, you will be able to devote 2-5 hours a month to investing, which is not so much, considering the possible profitability.
Investors, unlike traders, do not have to constantly monitor the market situation through the terminal, they are not interested in second changes, so regular reading of news and periodic work with the portfolio will be enough for successful trading. That is why it is much easier for them to solve the question of how to find time to invest, the main thing is to have a desire.
Step five. People tend to think that it is too late to do anything and the good time for this has already passed. After all, all the cream has been collected, so why waste your time. Strange as it may seem, but this thought is true for any business. At the same time, the one who starts now, tomorrow will get results, and the one who does not dare will remain procrastinating with his philosophy.
Therefore, the main step is to stop thinking that your idea of becoming an investor is untimely. That's a mistake. Become an investor today so that you can look at your yesterday's doubts with skepticism.