It’s finally the love month! February is the month where love is surely seen in the air! Thus, in today’s post we’ll discuss some common things between investing and falling in love. Regardless if it’s the stock market, mutual funds, a franchise business, your own start-up company or whatever investment vehicle you choose, investing is just like falling in love. Here are 5 reasons why.
1) You must know the other person first.
You don’t just simply invest and immediately earn millions. You need to study your chosen investment vehicle first. Regardless if it’s the stock market or your own business, you would need to have some knowledge about it before you venture on it. Imagine saying “I love you from the bottom of my heart” to someone you just met for the first time – that’s exactly what you’ll be doing if you will invest without any knowledge about it.
2) You need to take a risk.
There is a real chance to fail and lose money whenever you invest, but that should not stop you. Because like surviving a heartbreak – you will only grow stronger and wiser. Don’t be afraid to fall in love. Don’t be afraid to invest.
3) You don’t go all-in at the start.
If you don’t know much about investing, then it’s better to just give little by little. It’s the same way why you shouldn’t give everything during your first date. Instead choose to invest a little of yourself during each time you spend together. When you are more comfortable with each other, that’s when you start to give more.
4) You have to believe in the other person, regardless of his bad and good sides.
Starting a new business from scratch has a high risk of failure. The stock market is volatile and unpredictable. Investing in mutual funds could limit your earnings at a lower rate compared to that of the stock market or running your own business. Becoming a franchisee means you need to seek approval from your Franchisor before you can implement a marketing strategy. There is no perfect investment, much like there is no perfect partner. But you should learn to accept and love them, regardless of all the imperfections that they have.
5) You need to be committed in a long-term relationship.
The longer you invest, the more rewarding it will be. Same goes for loving that special someone. It’s no longer puppy love, a summer fling nor an infatuation. It is a commitment that you should be willing to nurture for many years to come, in sickness and in health, in good times and in bad.
“Love is like investing. Sometimes you get more than the capital, sometimes just enough, and sometimes you go bankrupt. The most important is you did your part to follow your heart.”
P.S.: Article inspired by this post: Why Investing in the Stock Market Should Be Like Falling in Love
I hope this article taught you something about how to achieve success.
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I Struggle, I Win!