Investing In The Age Of Anxiety With The Broke Millennial
Fear and anxiety are two different things. Some of us fear investing because we don’t know how to invest and that’s understandable. Investing can be intimidating. It has a language all its own which seems foreign to beginners.
There are plenty of people who have a vested interest in making it seem more complicated than it is. If you don’t think you can possibly understand how investing works and how to invest successfully, you are more willing to pay someone else to do it for you.
And perhaps the reason we fear investing most, it’s our money on the line. If you get it completely wrong, you can lose money, a lot of it. People who are anxious about investing don’t necessarily fear it. They speak the language, they’ve educated themselves on how to invest well, and they understand that while you can lose money, over the long haul, you make money when you invest.
The anxiety is tied to the things going on around us that we can’t control. A recession is coming and probably sooner rather than later. Many investors in their 30s and 40s remember the impact of the last big recession all too well. Jobs lost, homes lost, retirement savings decimated.
Automation is going to eliminate not only jobs but entire industries. And wages have been stagnant since the 1970s. When you put all of these things in a big pile, well, you can see why people might feel anxious.
But we have to overcome our anxieties just as we have to overcome our fears. Investing in the age of anxiety is tough, but we can do it.
Full Article Here
Show Notes
Goose Island Bourbon County Brand Stout: Aged in Bourbon barrels
Aun Mas Cafe Jesus: Evil Twin Brewing
Broke Millennial: Where you can find all things, Erin
Learn more about your ad choices. Visit megaphone.fm/adchoices
View all episodes
4.4
22402,240 ratings
Fear and anxiety are two different things. Some of us fear investing because we don’t know how to invest and that’s understandable. Investing can be intimidating. It has a language all its own which seems foreign to beginners.
There are plenty of people who have a vested interest in making it seem more complicated than it is. If you don’t think you can possibly understand how investing works and how to invest successfully, you are more willing to pay someone else to do it for you.
And perhaps the reason we fear investing most, it’s our money on the line. If you get it completely wrong, you can lose money, a lot of it. People who are anxious about investing don’t necessarily fear it. They speak the language, they’ve educated themselves on how to invest well, and they understand that while you can lose money, over the long haul, you make money when you invest.
The anxiety is tied to the things going on around us that we can’t control. A recession is coming and probably sooner rather than later. Many investors in their 30s and 40s remember the impact of the last big recession all too well. Jobs lost, homes lost, retirement savings decimated.
Automation is going to eliminate not only jobs but entire industries. And wages have been stagnant since the 1970s. When you put all of these things in a big pile, well, you can see why people might feel anxious.
But we have to overcome our anxieties just as we have to overcome our fears. Investing in the age of anxiety is tough, but we can do it.
Full Article Here
Show Notes
Goose Island Bourbon County Brand Stout: Aged in Bourbon barrels
Aun Mas Cafe Jesus: Evil Twin Brewing
Broke Millennial: Where you can find all things, Erin
Learn more about your ad choices. Visit megaphone.fm/adchoices
More shows like Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.
View allMoney Guy Show
2,898 Listeners
Money Girl
1,822 Listeners
Your Money, Your Wealth
691 Listeners
BiggerPockets Real Estate Podcast
16,754 Listeners
The Stacking Benjamins Show
1,897 Listeners
Retirement Answer Man
1,250 Listeners
Afford Anything
3,411 Listeners
ChooseFI
5,024 Listeners
NerdWallet's Smart Money Podcast
616 Listeners
Millionaires Unveiled
887 Listeners
BiggerPockets Money Podcast
3,002 Listeners
How to Money
3,135 Listeners
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
869 Listeners
The Personal Finance Podcast
1,203 Listeners
All the Hacks with Chris Hutchins
1,371 Listeners