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Inve$ting is Easy

Updated: Apr 16, 2022

I remember when I used to hear the word 'investor'. Never did I think I would associate myself with that label! I thought investing was strictly for millionaires. Wow was I wrong. 🥲

Any one can invest. You can invest with $20, don't let anyone laugh at you for that. You see, there are two types of people: investors and consumers. Consumers are people who are always looking to buy what's "next" and love to spend their money on liabilities rather than assets.

What are liabilities?

A liability is basically a debt. A good example of that is a car. If you do not have enough cash to buy a car, you need a loan. Cars depreciate (gets lower and lower in value) right when you drive them off the lot. That brand new Lexus you just bought at your Lexus dealership with a base value of $42,000 no longer has that value as soon as you drive it out the lot. Furthermore, now you are stuck with a payment PLUS interest and a car that lowers in value every year. Sheeeshhh. Now who wants that? Don't get the latest car just to impress others. You don't need to prove yourself through a luxury car, get what you can afford. No one is going to laugh at you, and if they do, those were never your friends to begin with.

What are assets?

An asset is basically a resource that you own that brings value to you and/or others. You want to have more assets than liabilities. An example of an asset is a stock! A stock is an investment into a company. Instead of storing your money in a low APY savings account, you can have your money doubling for you in stocks without even having to move a finger.

How can I get started?

There are a couple of apps that you can access right from where you are sitting. Use your smartphone and don't let it use you!

A really cool beginner app for stocks is Robinhood. You can sign up for it here and we both get a free stock ♡🤧 Robinhood also has a debit card! You can let your money sit there with a .30% APY compared to most common banks that have a .02% APY. I personally would only use this app for stocks and not cryptocurrency.

An awesome app for crypto is Coinbase. You can sign up for it here and we both get $10 of free Bitcoin when you buy or sell at least $100 of digital currency. ♡😌 Coinbase also has a new debit card, but there is a waitlist for it. The debit card will give back crypto rewards when you spend crypto. As our digital age grows & expands so will digital currency. Cryptocurrency is the next era of currency. Digital currency is a little different than stocks, and stocks are different from digital currency so you need to be aware of when to buy into the markets. There are countless of videos on YouTube that can teach you more about the different types of crypto currencies and stocks. ☺️

What I do advise is that you don't immediately put every single penny that you have into the stock market. Invest what you can! Obviously the more you invest, the more you get in return, but don't do any decision based off a strong and sudden emotion. Emotion is never good when it comes to money, you must use logic. Invest what you can, when you can, and do not touch the money. This isn't a get rich NOW scheme. You are building your net worth. It feels good adding value to yourself. Instead of spending the money you get from your paycheck into piña coladas, put that into a penny stock. You can't desire to be above average and do average things. Stop spending your money on things you don't need. Be an investor and not a consumer. Watch your money accumulate, you can drink all the piña coladas once you retire. 🤩🍍🌊

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