Life quotes are something that you see on a daily basis. They are common in many of the social media platform you are on today. But did you know that life quotes can also be applied to investing?
You have probably heard about how investing your money is a great thing to do. You get to earn more income and it takes you one step closer to retiring early.
Maybe you are on the fence on whether it is worth your time to learn about investing. Here are 4 life quotes to help you in your deliberation.
“Life is short, and it is up to you to make it sweet – Sarah Louise Delany”
In life, a large percentage of what happens to you is mainly under your control. You have to choose to take action for things to happen. And this is true if you want “Your Money To Work For You”.
When your money works for you, it is pretty much like free money. Well the money is not entirely free, but it is definitely money that you can earn with minimum effort. The effort portion comes from learning about the available investment choices at your disposal.
Maybe you have some employer plan that can help you invest your monthly paycheck. Or your retirement account has the option to invest in stocks or bonds. Or perhaps you just want to follow the simple and effortless method of index investing.
Once you have decided on the channel you want to invest in, you just have to opt in or set it up the account and let your money start working for you.
“The greatest discovery of any generation is that a human being can alter his life by altering his attitude – William James”
When you change your attitude and beliefs, you will discover that there are many possibilities in life. And you can achieve them if you have the right mindset. One such possibility is to “Increase Your Income”.
Investing is a great way to increase your income. The returns you get from your investments are typically based on how much you invested at the beginning. For example, if you invested $5000 and you manage to get a 15% profit, 15% of $5000 will be $750.
I know $750 may seem very little to some of you. But as your capital grows over time, the amount you get back will increase considerably. When your capital increases to $60,000, 15% of it will be $9000! Now it doesn’t seem too little right?
Investing is a great way to increase your income and it can probably increase at a quicker rate compared to your salary, unless you happen to hold some high earning executive role.
“The journey of a thousand miles begins with a single step – Lao Tzu”
When you are starting anything challenging, it is easy to find the task overwhelming.
It may seem impossible to complete it and progress might seem very slow. But the truth is, every step you take will bring you one step closer to your goal, no matter how small each individual step might seem to you.
The same applies to investing, small increment amounts can have a huge impact with time. This is especially so when you “Use The Power Of Compound Interest”.
I am sure you have heard about compound interest (It was taught in schools right?) I remember learning about this in class and the only thing I remember was, compound interest can make a small amount grow to a very large amount after time. And that is basically the power of compound interest.
You may think that the initial amount you have is very small and not worth investing, but it does not take a long time for your money to double. If you know the percentage return you are getting each year, you can use “The Rule of 72” to calculate how long it will take for your money to double in value.
“My mission in life is not merely to survive, but to thrive, and to do so with some passion, some compassion, some humor, and some style – Maya Angelou”
This does not really apply to investing, but it is more of a goal that I believe we all want to achieve. I believe everyone wants to “Live Life On Your Own Terms”.
Let’s be real. Investing will give you more money and more money will help you buy the things you want and let you live the life you desire. I know money does not guarantee happiness, but being financially stable gives you more options and choices in life.
You don’t have to “wake up to an alarm clock”. You get to choose how you want your day to be and what kind of impact you want to make on the people around you. I would say that this is a pretty awesome ability to have.
There you have it! 4 life quotes and how they are related to investing. Start investing immediately! Okay, maybe you can’t do it immediately since you probably need some time to learn about the available options and decide on which option you want to take. But start now. It pays off in the long run.
Even a simple index investing method can probably give you better returns than what you are getting right now. If you are keen to take a more hands on approach to learn how to invest in stocks, you can check out my COURSE (It might be suitable for you) Regardless of what approach you choose, don’t overthink it and just start now!
In additional to the 4 life quotes, let me share one last quote with you. “The only impossible journey is the one you never begin – Anthony Robbins”