Investing in the stock market can be scary. It’s a combination of big promises, jargon, fear, greed, and mostly, a lot of opinions. No wonder folks are always explaining the stock market.
Everyone’s an expert. I recently read that Gen Z gets their investing advice from their friends.1Source: Wall Street Zen That sounds terrifying.
But it doesn’t have to be. Investing in stocks is not that complicated. So instead of using investing jargon to explain it, let me share three metaphors with you.
The transformative power of writing daily is something I can’t emphasize enough. Since I started writing every day, my life improved tremendously.
The thing is, writing is a form of thinking.
When you’re able to think well on paper, you become more self-aware and in charge of how you live your life. That’s why writing is a skill that everyone — even those who are “not writers” — really needs.
Here are 12 benefits of writing daily that I’ve experienced:
For ordinary folks like you and me, becoming financially stable can be summed up in a few words: Spend less, earn more. When you save and invest consistently, you gradually build up your wealth until you reach the point where you have a comfortable nest egg. And you don’t have to work anymore.
“But it’s so hard to save a good chunk of your income!”
That’s true. If it were super easy to save and invest, more people would be financially stable right now. Instead, most Americans can’t even afford to pay for a $1,000 emergency. Because most folks don’t have a good emergency fund.1Source: Yahoo! Finance
After years of investing, there have been several investing principles I learned regarding the stock market. One of them is this: Good investing is not about understanding the numbers; it’s about understanding human behavior.
Human behavior is driven by emotions. Which is why the economy and markets are not predictable. As I’m writing this in December 2023, we’re still waiting for a recession that many pundits have been predicting for two years.