Hey everyone! Hope everyone’s having a great summer. It’s been a busy couple of weeks in the Panther household. Today, I’ve got a guest post for you from Anum Yoon who blogs over at Current on Currency. In her post, she talks a bit about the psychology that goes into investing. While I don’t recommend investing in individual stocks, her overall message works well for us index investors as well. Enjoy!
Today, we’ve got a guest post from Kayla, who writes for Listen Money Matters. It’s sometimes tough to figure out whether to focus on investing or focus on paying off debt first. When I was in my debt pay off phase, I opted to do a minimal amount of investing compared to the salary I was making. I invested around $5,500 in my first year of debt payoff, around $13,000 in my second year, and then invested around $30,000 in my final year of debt repayment. Now that I’m personally debt free, it’s nice that I can aggressively invest and still have the satisfaction of already having a decently sized investment account. In her post, Kayla shares with us some of the reasons she opted to invest, even as she’s paying off her debt.
Simplicity, it’s what we all want to achieve in every area of our life. That’s why we have Netflix instead of cable (plus it’s cheaper), endless two day Amazon Prime deliveries, or Postmates making your favorite restaurant deliverable….This post will show you how simple it is to do even in your financial life!
Hopefully by now you understand how important it is to invest in the stock market to grow your money over time. As the saying goes, “No one ever got rich from a savings account”, especially nowadays with less than one percent interest. But the next question many people ask is where do I invest? Should you buy stocks, bonds, mutual funds, gold or tons of other options? This question alone shows why a lot of people avoid the market entirely, it’s complicated!