What is a good investment for beginners?

DJ EvertonLovell Jan 26, 2022
21 People Read

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When I read a book a while back about investing, it asked a question: "If you completely stop working TODAY, how many days/weeks/months would you last?" At the time, my answer was zero. I don't know what investment for beginners looks like.

What is a good investment for beginners?


It is reasonably simple than you think it would be. Sometimes you have to break down the big picture into tiny puzzle pieces before seeing the big picture. It all starts with the first puzzle piece: reading.

Investment books, blogs, articles, and many more.


There is so much information out there that it can be confusing. With this blog, I will present you with different books/articles that I believe would help me, but they will also help you with your investment strategy.


You are new at this in your position, and the only way to learn is to start reading. Like compounding interest (will discuss later in a different blog), you are compounding knowledge. Each investment book or article you read not only teaches you something new but opens up to a new way of thinking about old ideas. 


There is a wide range of investment strategies that people utilize to create a source of income. They can be investing in stocks, real estate, side hustles, or cryptocurrency. It all depends on your goals and what you are comfortable with. For this case, I will focus on the stock market as it's a good investment start for beginners.


What are good investment books for beginners?


Now you think that you have to be a scholar before becoming an investor. If you are like me, you want to know at least more than one different way to invest. So there will be a little bit of reading before you can put together a strategy that fits your lifestyle. I recommend starting with the two books below to get your feet wet. 


When I read the book "Unshakeable: Your Financial Freedom Playbook" by Tony Robbins, it started to shift my mindset on looking at finances. I realized I have been looking at money in a way that enables my negative behavior. I'm more of a spender in the present and not thinking about the future. This book will open your eyes to where you would see things differently, and hopefully, it will spark your interest to take charge of your finances. 


Another book I would recommend, which I feel is an expansion of "Unshakeable: Your Financial Freedom Playbook" by Tony Robbins. However, this book was written before the Unshakeable. "Money Master the Game: 7 Simple Steps to financial freedom" by Tony Robbins. If the Unshakeable book sparked an interest, this book would go an even deeper dive explaining different strategies for building your wealth. 


With those two books, I feel it would be a great starting point for anyone considering investing in the stock market. 


Stock market for beginners. 


You can't expect this will be an easy skill to learn right away. For some people, it would be easy, while for others, it's not easy. All it matters is that you are taking the time to learn a new skill to take control of your finances. 


With the correct account, you can start investing as little as 100 dollars, and from there, you can build up. There are broker accounts out there that allow you to start small. You want to start small because if you do, you will make mistakes in your investment journey. At least it's small enough to absorb the error and know what to look for when you have thousands of dollars worth of investment. 


Don't let fear take control of the game. If you give in to worry, you are lost the game before it even gets started. You need to build your knowledge and have a good strategy for utilizing your money. 


Final Thoughts


What is a good investment for beginners? For now, you need to invest in knowledge and build your wealth of knowledge before you can start investing in the stock market. If you feel the stock market is not your thing, then that's okay; at least you are gaining knowledge about investing and exploring other options from there. 


As Aya Rand states, one way to look at it is, "Money is only a tool. It will take you whatever you wish, but it will not replace you as a driver." 


Use money as a tool to help you to secure your future. If you are not using your money as a tool, you are not preparing for your future. It's like building a house without the proper foundation. Without foundation, the house will crumble. Find out how the stock market can help you create that foundation. 


-DJ Everton-Lovell 


So if you ever love money? Take charge of your finances to secure your future. Sign up to keep up with the latest blog post. Find us on Facebook Page- Everlove Money


See yall next time. 


Make sure you check out my book reviews for the following: 


"Unshakeable: Your Financial Freedom Playbook" by Tony Robbins. 

"Money Master the Game: 7 Simple Steps to financial freedom" by Tony Robbins. 


If you are ever curious about making money online, check this out. 


DISCLAIMER: Any links in this blog may be affiliate links. I may or may not receive a commission for any links within this blog. 

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