I don’t know about you, but I’ve been brought up in a culture where saving money is everything. We are told to save for our retirement starting at year one. I disagree, after all, most people don’t have enough saved for retirement in the first place, and then they’re stuck relying on the government. Ladies and gentlemen, if you can help it, never rely on the government for anything. Being at the mercy of a government means that you’re also at the mercy of changing policies and budget cuts, the stability that is so often wished for will not be granted by the government.
This is a sad reality, the reason so many are reliant on the government is definitely not the people’s fault themselves, but it is the fault of our educational system. The reality is that it is widely accepted to save money and leave the bankers to invest, you can trust them after all, right? Well, I beg to differ, banks (those that are too big to fail especially) have previously been known to be exceptionally corrupt, there’s not a week where we don’t hear of a bank doing something illegal, and yet they don’t get punished. Here’s the issue, would you trust an entity who thinks itself above the law with your money? Neither would I, and the fact is that those banks don’t care about your money at all, I firmly believe that this idea of giving your money to banks to invest is the result of the control exerted by said banks over the government through lobbying and thus education. Dear reader, I believe that in order to achieve financial independence, one must invest their own money.
Now that we’ve covered why one should likely invest their own money, another problem arises, how does one make sound investment decisions? Well, simply put, education. Learn, learn and learn. If you don’t feel comfortable investing your own money, that’s perfectly fine! All you’ve really got to do is take the time to learn about investment vehicles that interest you, such as stocks, bonds, real estate, exchange traded funds, etc.
Dear reader, no matter your financial situation, I’m certain that you’ve got what it takes to achieve your goals, however complex they may be. I urge you to take the time to learn if you haven’t already in order to gain the confidence to invest your own money and achieve financial success!
If you’re interested in learning more about investment, I would love for you to go ahead and take a look at my previous article: Stocks, Bonds, Mutual Funds… Where do I Begin?