Welcome to another eye-opening episode of the Building Your Money Machine Show. Today, we're tackling a crucial topic: Why Most People Don't Invest (Even Though They KNOW They Should). This episode is all about addressing the fears, misconceptions, and barriers that hold so many back from taking the plunge into investing, even when they understand its importance.

Let’s dive into the psychological barriers around investing. Fear ranks high on the list—fear of losing money and the misconception that investing is akin to gambling. But unlike gambling, investing involves calculated, strategic risks, and history shows that long-term investments typically succeed.

Then there’s the lack of knowledge. The financial world is flooded with jargon and complexity, making many feel overwhelmed. You don’t need to be an expert to start; you just need to start.

I also discuss the challenge of instant gratification. Many avoid investing because it means delaying rewards. But don’t worry; your financial plan can—and should—include elements of joy and immediate gratification to keep you motivated along the way.

We also hit on analysis paralysis—waiting for the perfect moment to start investing can be crippling.

IN TODAY'S EPISODE, I DISCUSS:

• The importance of forming good financial habits
• Following a structured process for wealth building
• Using financial tools and robo-advisors wisely
• The value of consistent investing over trying to make perfect investment decisions
• Creating a financial plan that's in alignment with your personal life goals

RECOMMENDED EPISODES FOR YOU

If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/

• Ten Tiny Habits That Build Real Wealth (REALISTIC)
• Why A Million Dollars Doesn't Make You Rich
• The F.U.N.D. Method For Building & Managing Your Emergency Fund
• Why Smart People Are Not Always Rich
• Why The F.I.R.E Movement Is A Pipe-dream

RECOMMENDED VIDEOS FOR YOU
 
If you liked this video, you'll love these ones:

• Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg 
• Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 
• The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag 
• Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A 

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