Travelers are Investors. Simple.

If there’s something that gets me more excited than anything else, it’s seeing young people who are good with their money.
Now I say “young people” like I’m a thousand years old (I’m 24) but when your my age and younger, not only is it ok to be bad with your money, it’s expected and even celebrated!
How are we suppose to achieve everything we want in life if we’re clouded by never ending debt? Or a constantly empty bank account?
My favorite show in the world is Shark Tank, an investment reality show on ABC, mostly because of the advice and zingers that come out of the mouths of the investment sharks.
They talk about doing without until you can afford to buy what you want. To only have a credit card to build credit rating, and only buy something if you can pay it off the credit card that same day.
I’m reading a book written by one of the sharks (Kevin O’leary) and he talks about thinking while about to buy something “will I want this a year from now.”
Everything we buy is an investment, and some are going to hurt us a lot more than help us.
A friend of mine has a boyfriend who just bought a $25,000 car on a loan. I nearly passed out. With interest he’s going to pay probably $40,000 for that car, which is actually a conservative guess because hes paying back minimum payments, so it could be much more. But the second he drove it out of the car lot, his investment lost a third of its value. By the time he’s payed it off in no less than 6 years, he may have payed over $40,000 for an object that may be worth $8,000. This is why banks are the best businesses in the world.
How are we suppose to travel in our 20’s while we’re unmarried and free, when we’re burdened by being unable to pay for it.
I have been trading shares for years, and though haven’t made much more than $500 doing it, I have built up a love for investment.
Through action I’ve taught myself how to trade, what to look for, and that I don’t invest in anything that doesn’t want to pay me a dividend. As time goes by and my portfolio grows, that dividend twice a year will only grow and as I reinvest it, the growth will only go faster.
As I get older I’m looking out for other markets to invest in, but I wouldn’t have ever done it without experiment and action.
A lot of my close friends won’t do it, it does seem scary and the media does release stories every day of some guy that invested it all in a risky startup and now begs for quarters in the street.
But what I think is far more scary is seeing my money in a savings account, depreciating faster than it makes interest, and sitting merely a few clicks of the mouse away if I feel like spending some of it.
With volatile market times, settlement periods, and just plain hassle, I don’t spend the money I have in shares. So it saves.
I just want to pass on to young people with more than $500 sitting around. Invest a small amount and stay comfortable at first, invest in a dividend paying company that will work to make that payment happen. If they don’t have to pay a dividend then your relying on that less transparent company increasing in value faster than your money is depreciating.
And buy into a company that’s not going anywhere. Being from a country like Australia with limited population there are some companies our country relies on, invest in them. And only invest what your ok with losing at first, just so you can sleep at night. Build a habit and learn to enjoy it! Your part of something now! You are part of the greater world! It’ll do you good in the long run, and may just pay for your trip to China. đŸ˜‰
I’m not a financial advisor by any means, any financial rant on my blog is just my own opinion. If you wanna talk more about it feel free to comment and subscribe. đŸ™‚ Talk soon!

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2 thoughts on “Travelers are Investors. Simple.

  1. Investing in shares doesn’t seem like a bad idea. I really think with a part time job I could save into something useful. And thanks for the quote from one of the sharks – “will I want this a year from now”

    • Even just investing small amounts over a period of time is going to build up to yeald big results eventually. We’re young! We’ve got time on our side for investment to build. But true everything we buy is an investment, and one we may regret a year from now. Or not even want a few weeks from now.

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