6 easy ways to get more interested in investing
I live and breathe this investing stuff. So, sometimes I take my
insane fervor interest in investing for granted.
But a lot of people aren't me (thankfully). Many are either too busy, too distracted, or uninterested in investing. That's a shame -- because outside of building your own wealth, there isn't an easier way to protect your (small) fortune and grow it over time.
So, why are so many closed out of investing? Why do 40% of 18-30 year olds NEVER want to participate in the stock market??
That's a post for another time. For now, I want to focus on how to get more interested in the stock market, assuming that's a worthy goal (I think it is).
How do you create interest in something you aren't quite interested in to begin with?
Here are 6 ways to get more interested in investing1. Get seriously informed about the market: In 1921, Harry Kitson wrote a book he thought was destined to help college students improve their study habits. Nah, it's really a book about the science (hey, it's close to 100 years young) of learning. How to Use Your Mind addresses the hard question of finding inspiration in learning. For Kitson, people don't generally start with inspiration about learning. It's about perspiration -- working hard to learn a bit about a subject. The passion soon follows. (Source: How to Use Your Mind) 2. Look deeper: So much of what we know about the stock market is through our perception and personal histories. Maybe our parents were involved or maybe they were disinterested. But to create true, motivated interest in a subject, it takes changing our mental image, looking at investing differently. My grandfather was a Buffett-like figure but the markets today would have completely confounded him. I know is sounds kind of Zen-y but, "If you're really paying attention, you can always go deeper, continuously. If you do, new worlds open for you.." (Source: Quora) 3. Think good thoughts about the market: Negativity totally breeds negativity. Sometimes that may be warranted but most of the time, it clouds our thinking. The best investors I've met are always objective about their investing approach. They don't let bad decisions wrack them. They move on, learning from their mistakes. The market is a great teacher and it demands its participants visualize success. Learning with passion about the market requires:
- OUR choice: we practice because we want to, not because we're forced to
- build success on success: find ways to have success, however small. The positive feedback loop is powerful.
- purpose to practice: underscoring everything should be a strong feeling of personal purpose. Answer the question why investing matters to you, (Source: Steve Pavlina)