Sorry for the lack of posting of late. I’ve been pretty occupied with the online sales I’m doing and I also just got my real estate license! Now don’t worry. I didn’t just start in real estate. I’ve already been versed in the areas of home loans, remodel/construction and buy/hold opportunities. So feel free to reach out with any questions.
PLEASE GIVE ME ALL YOUR REFERRALS!
Just kidding. But not really 😉
Anyways, back to it. Now that you have decided to dive in investing, where do you begin? With all the massive amounts of information out there it can be difficult to decipher what may be the most important and what’s the most accurate.
All this knowledge can be exciting and overwhelming but be sure to stop, think, and educate yourself before you dive headfirst. After all, we all start somewhere right?
When I began my journey into the world of investing, I didn’t know where to start. I did a lot of the stuff on my own, and spending hours researching what would work for my lifestyle. Every day is a learning opportunity and luckily I was able to find a few tools along the way that changed the way I invest and look at investing.
Whether you want to create a nest egg for your family or be a real estate tycoon, education is key. Not every tool will be the right fit so you will have to determine what fits your lifestyle. Every investor has their own philosophy and risk tolerance. By educating yourself, you will become more confident in your money philosophy and what direction you will take in the future.
I want to share with you a few tools I have discovered along the way. They may work, they may not, but it’s always worth a shot. These tools vary from books to mentors. They are the components that can help shape how you grow and your life as a whole. Some of these tools below can be used right away however, some weren’t discovered until later in my journey.
Apps That Build Positive Investing Habits
Finding applications that could help me create great financial habits were challenging. There are so many financial apps that help you budget and work on investing strategies. Not every app works for everyone, but I found a few that made sense for my lifestyle and the way I save money.
If you are a first-time investor or would consider yourself a novice, developing positive financial habits is key to the growth of your portfolio. Whether you are saving for your first property or looking to build your retirement fund, you need to be consistent and reward yourself for staying on the right track.
Acorns is a great application to help you create positive financial habits. This application allows you to invest your spare change. You would be surprised how 50 cents here and there can add up over time. It also allows you to not be wasteful with your extra money. While it’s important to treat yourself after all other expenses are paid, it’s also important to not waste extra funds.
Tip Yourself is also great application for building positive financial habits. It allows you to reward yourself when you have a positive life experience. Let’s say your goal was to work out every day and stick with your food goals. You could reward yourself $50 for completing that goal. Not only is this app based off positive reinforcement, but it can also be used a social network allowing fellow users to engage and encourage others save and hit their goals.
Grow Your Mind With Books
I know, who reads books anymore right? Well, investing is something that requires not only knowledge but also perseverance and consistency. It’s easy to get discouraged when you are unsure of your path or where to turn. Books, however, can open your eyes to new opportunities and also create mentorships with people that may seem untouchable.
Here are a few books you must read.
- Think and Grow Rich by Napoleon Hill
- Rich Dad Poor Dad by Robert Kiyosaki
- A Random Walk down Wall Street by Burton Malkiel
- The Power Of Real Estate Investing by Kemi Egan
Expanding your financial knowledge should be neverending. The finance world is constantly changing and new ideas are being created. By reading, you make sure to stay at the forefront of the latest trends.
In addition, books are not the only way to learn. Blogs and podcasts can also be a helpful way to retain information. They will keep you updated on everything you need to know, build a network and find people to reach out to who had to figure their way out to success.
Now that you have a few tools to help you get started you may want an easy to use platform to invest your money. Wealthfront allows anyone with experience to access long-term investment options with minimal fees. Their team is composed of experts in the investing community to help you navigate your journey. This can be a great place to dabble with your first-time investments.
Betterment is another investment option. They make it easy to manage all of your accounts and automate your investment efforts. They want to make investing simple and not overwhelming to beginners. This can be an effective tool for using automation to manage your finances.
It’s important to note, that everyone’s investing habits are different but it’s important to learn and educate yourself nonetheless. Unfortunately, we’re not getting any younger and it’s important to use as many tools as necessary to find the perfect fit for you and pave your way to financial freedom.
Be patient and enjoy your journey. YOLO.
Good Luck, Newbies
P.S Be sure to stay tuned! Now that I’m going head on into real estate, if you’re interested, I will be making articles and giving tips to guide you through the real estate industry along the way.