Hi! #publiccommunity - I’m pretty new to this platform! But one thing you’ll learn quickly about me…. I always have A LOT to say. 💯
💡This has been such an awesome way to learn MORE about the world of investing AND meet people with similar financial goals to mine! 🤓🧠 Here’s some #MOmoney thoughts from this week. IF you see this and you’re like….. “dude you’re crazy, I’m NOT reading all of this.” And keep scrolling, I wouldn’t blame ya. Time is money! 🕐❌😝
💡The desire to make money moves is inevitable when you live in a 24 hour, fast pace city. Here’s why ➡️ PLENTY of job opportunities that provide instant cash flow (i.e. Tips from cocktailing, bartending, serving 🎰🎲 I’m talking $1000+ in tips a night, EACH) AND not to mention, ranking in the top 10% nationally for real estate appreciation. BUT certain money moves that benefit one person may not benefit another. With social media platforms allowing us to feed off of what we SEE versus what we KNOW can sometimes influence your financial goals. Positively or negatively.
💵💎✈️🏎🎰🍾🦪
Remember, scrolling through other peoples lives can make it easy to compare your financial ability to others. Which has the potential to influence your decisions based off of what LOOKS good while being blinded of what ACTUALLY is good. Sometimes I have to STOP and remind myself - what you see is what people WANT you to see. Focus on you and your future, no one else’s. You are the only person to have control over your life - and guess what homies???? THAT is your weapon in life!🤙🏽💡♥️
💡Majority of the people in my social circle consist mostly of individuals (from ALL age ranges) being in the clubbing/serving industry. 🎶🍻🍾🎉 And then other social connections in my life include people that range from healthcare, self employed, entrepreneurs, science driven, retail, law enforcement, environmental work and education. But EVEN with such a diverse social surrounding - financial investing is NEVER discussed. ❌💵
I was always unaware of how taboo conversations surrounding investing really was.
💡This platform has helped me take a step back and reanalyze how financial discussions are implemented in MY every day conversations. And of course, there will be different levels of respect and privacy that each peer is comfortable with. But financial lessons learned, helpful market strategies, ways to figure out your long term AND short term goals, and even becoming more literate with your financial vocabulary - these are ALL things I’ve gained from using #publicapp . Not from my immediate social circle. Not from family. Not from colleagues. BUT from strangers with similar goals. 💪🏽💵🧠
💡If you or people in your life are thinking of dipping a toe into the world of investing, #publicapp is worth mentioning. Beginners in particular may like this app for the ease of use as well as the social aspect - providing another helpful layer to decode complexities in investing. MONEY DOES NOT HAVE TO BE INTIMIDATING! 🐺💵 If you or someone you know is looking to start investing but every thing about it is intimidating or overwhelming, putting ANY amount of time into #publicapp can be a good starting point.
💡Many financial public figures have recently praised #public ’s social approach and the goal to democratize investing. Some platforms can UNINTENTIONALLY profit off younger and/or potentially less-experienced investors who lack the literacy and, frankly, the restraint, to invest wisely (pshhhhh, I’ve been in that boat - maybe sank a little. let’s not talk about that though. 🙃🙂)
💡 When it comes to investing or financial mistakes - there is NO side to blame. Never be hard on yourself if you’re looking into turning around your negative financial situation. I don’t care if you are 50+ or less than 30 years old with 5 degrees or only a GED. IF YOU do not have the right motivation to self educate, there can be long term consequences. This goes for most things in life, not just investing. Especially in a society that is easily influenced and aesthetically intimidating. Personally, I think #public gives new investors the opportunity to have a safe place to learn. And gives older, more experienced investors a way to see how their knowledge can be helpful while maybe learning new helpful strategies.
🧠💵💡HERE ARE SOME HELPFUL THINGS I’VE BEEN LEARNING FROM THIS AWESOME #PUBLICCOMMUNITY SO FAR:
💡It is VERY beneficial (some would agree, it is most important) that you develop an investment plan that will allow you to set aside a few dollars on a regular basis. Sticking a few dolla dolla bills here and there into stocks or bonds most likely WILL NOT earn you a great return, and some might say—is not the best investment practice. Instead you should invest REGULARLY by allocating a certain amount of money from each paycheck, even if it is not very much. When setting up your investment account (if you’re not thinking of day trading) it’s important to make sure you won’t be able to touch the money easily–it could be too tempting to take out a few bucks now and then to buy tickets to the big game or a getaway at spring break. A sound investment strategy is called for–one that will hopefully grow YOUR goals consistently.
💡In order to begin investing money for your future, it’s not necessary to have a lot of money, but you should NOT neglect paying bills to do it. If you manage your money well, you should be able to set aside a few dollars from each paycheck for investment purposes. Doing this will benefit you in more ways than one. Ya feel me? 🤑 The money invested will earn you more money if you do it right, and the lessons you learn from investing now will serve you well for the rest of your life. Even if you end up losing a bit of money in the beginning, you should be able to determine whether or not you made a mistake in your investment strategy, and if so, how you can avoid doing it again. #LEARNandEARN
💡 #dontbeshytodiversify ➡️ You have no doubt heard the expression, “don’t put all your eggs in one basket.” If you only have $100 to invest and use it to buy a few shares of a stock just because you got a hot tip, you may as well go to a casino and bet it all on red–your chances of making money are just about as good. Instead you would probably be better off spreading that money around by looking into a Roth IRA or leaving it in a savings account. If you do decide to enter the stock market do as much research ahead of time as you possibly can–and even then hold a few dollars back to invest in other stocks or bonds.
👏🏽DO. 👏🏽YOUR. 👏🏽 OWN. 👏🏽 RESEARCH.
💡 Your social circle (family + friends) does not need to know how much is OR isn’t in your bank account. But if you find yourself benefiting from investment knowledge - it never hurts to spread your insight. Sharing information and knowledge with other people who have similar goals—you can all learn how to invest your money with a realistic hope of making a profit. Make it a point to keep in contact with those people and discuss new investment opportunities regularly and go over your investment strategies. Finding out the mistakes investors make now, while there’s relatively little money at stake, can save you money in the future. Another important aspect of being involved in communities like #public while you’re younger (or any age bracket honestly) can be beneficial connections you’ll make, which will hopefully last for the rest of your life. Different people have varying skill sets, and you can learn to take advantage of the talents of others while they can feed off yours.
🧠💵💡Connections, communicating, and the right motives can get you places.
♥️ mega thanks to certain people in the #publiccommunity giving me such a warm welcome!!! It’s been fun AND educational - who knew they could go hand in hand. 😝🤙🏽♥️🙏🏽
@brendanschema @ctsshah @financepillowtalk @sydward @Xander882214
#MOmoney #dontbeshytodiversify #educateandreciprocate #learningandearning #growth #potential #learningaboutstocks #growthnotgreed #invest
#lookidontdance #imakemoneymoves
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