What does investing mean? First and foremost – it means planning for your future by making smart financial decisions now. When you put your money, or assets, into something you hope will pay off in the future – you are both expressing optimism and thinking about your lifestyle. You want the cash-flow and ease that comes along with a successful investment, right? It’s a good thing! Another definition of ‘invest’ is that you give a particular attribute a quality. You can invest in anything – a person, a word, a house, a pet – it’s anytime you give something your hopes, your trust, or your money (to name a few).
Investing is a leap of faith. When you invest, you don’t always know the given outcome. You use all the data and knowledge you can to make an informed decision – but ultimately you cannot know the given result. When you invest, you must exercise some faith to feel good about your decision. Investing is trusting in yourself – it’s trusting in data, it’s trusting in knowledge, it’s trusting in others. Are you ready to invest and trust? It’s an important question to ask!
If you’re an investor, or thinking about becoming one, you’re in an important circle. We’ve broken down some steps to help make the above easier to decipher when it comes to your next investment decision – whether it’s in a person, property or idea….
1. Ask: What do you hope to achieve through your investment?
Having a game plan – to the letter – is important here. It’s not going to be a feel-good investment unless you outline what, exactly, you want to achieve and why you’re taking the steps you are now to meet that goal. Of course, things may change, but knowing why you’re doing something is absolutely key!
2 . Ask: Do you have all of the data and knowledge you can have?
Don’t rest – react! When you’re making an important investment decision, it’s key to have as much information as possible to help guide you. Get as many facts as possible, know about local and national market trends, and consider working with a company like Hipster to help you find your success!
3 . Ask: Can I take a leap of faith?
If you can’t, the investment’s a no-go. Maybe the data isn’t right. Maybe your knowledge needs more rounding out. Maybe you need to work with an expert. Maybe the investment isn’t in line with your future goals. If you can’t take a leap of faith, this investment decision is going to keep you up at night. If, however, you feel good about your decision – then you can let go and invest knowing you’ve taken the right path to your future!
Investing isn’t just throwing money in the air. It’s a guided course toward a pre-determined end result. Take your path seriously and choose wisely. Don’t trust blindly; don’t not trust. Be informed. Be pro-active. Be ready to earn!