Learn from my mistakes, and save yourself the trouble and the money! Here are 7 lessons I learned from personal experience, and they’re the common pitfalls I’ve seen from teaching thousands of others about investing. Investing is simple, but not easy. Just look out for these 7 beginner investing pitfalls!
00:01:20 – Mistake #1: Not investing at all
00:04:05 – Mistake #2: Not having an emergency fund
00:07:18 – Mistake #3: Waiting too long to get in
00:09:46 – Mistake #4: Investing too much money at once
00:11:05 – Mistake #5: Not investing enough to cover future financial needs
00:14:25 – Mistake #6: Not considering taxes
00:16:55 – Mistake #7: Not being honest with yourself about how hands-on you want to be
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***RECOMMENDED READING LIST***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
The Little Book of Common Sense Investing (Jack Bogle’s classic advice on index funds)
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
Rich Dad Poor Dad (#1 selling personal finance book of all time… need I say more?)
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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