Investing in What You Love and Loving What You spend In
Investing in What You Love and Loving What You spend In
Over the years (20 to be exact) I’ve been complicated in numerous investments, personally and professionally through my clients. First, in college with a minute extra money and a natural interest in such things. Then, at a large market bank where they had just started selling annuities and mutual funds. Following that, getting licensed with a series 6 (mutual funds and changeable annuities), 7 (stock broker), 65 (registered investment advisor), as well as life assurance licenses and many other exposures to “alternative investments.”
Alternative investments such as real estate, bridge loan investing, life settlements, alpacas and other farm animals, businesses, hidden placements of all sorts, oil and gas wells, investment capital opportunities, etc. Etc. Etc. I’ve seen over 500 clients and all their discrete investment schemes and heard from many other financial advisors about what works and what doesn’t work. Now that I’m in the middle of it all (since at age 43, I’m hardly at the end, even after 20 years) I’m clear on one thing: the only investment that works is something that you love, are interested in, interests you and causes excitement in your life.
How do you find out what you love? Pay attention to what you read about, talk about, and seek out data about. Also pay attention to your physical feelings when complicated with this thing (Does your heart rate rise in anticipation of involvement with the investment? Or does it plummet due to fear/lack of confidence/disinterest or boredom with this thing?). Put in a journal feelings nearby the issue over a month’s time and you’ll know where You stand on the issue.
How do you find out what you are interested in? By listening to yourself and finding out what interests you. Watch yourself from afar when standing at the magazine rack trying to determine which magazine to buy. Note, in this instance a bookstore rack works best than a grocery store rack since people Magazine and the like don’t qualify. Page through books on discrete types of investments (with as broad of a range as possible) and note what types stand out to you. Do not complete a risk questionnaire on line or at your local stock brokerage house as this will not help you acknowledge what interests you, but it will help the broker fit you into his computer program.
Once you’ve narrowed down the list into what you are interested in, and what interests you, you can added narrow it down by what excites you. What causes You to get the most jazzed with that zippy inside feeling of “Yes!” For many of us, especially right now when we are not inevitable about surface investing, we should be focusing on inside investing. Inside investing is self-investing. Maybe it’s de facto doing that with a small amount budgeted for Soul-Purpose discovery every month, books to read, exercises to complete, time to spend quietly listening to what your next investment should be, instead of frantically searching for what it should be.
Maybe it’s putting all our “pay myself first” money into a savings list at the bank until we shape out what that next step should be. Maybe its interviewing everyone we can who is in an area we Think we are interested in. Investing doesn’t all the time have to be about money. We can invest time and attempt into our Soul Purpose until we are clear on it and ready to invest money. Some great “informational interview questions” follow: “What do you like best about what you do or what you have or what you’ve invested in? “What do you like least? What is working about it? What is not working about it?” Using this article’s information, you can now find your exquisite investment!
