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9 Investing Rules for Beginners
The world of investing; stocks, real estate, currencies, precious metals, crypto can seem intimidating or confusing to the uninitiated. It needn’t be though — anyone can invest in today’s day and age, and all it takes to begin is understanding some simple principles.
1. Invest in Yourself First
Money is not your biggest asset and nor will it ever be. Your biggest assets are your time and your mind.
Use your time to improve your mind. Money comes and goes, but with knowledge — and more importantly, the practical application of knowledge —you’ll gain valuable experience and money will come far more often than it’ll go.
A sharper mind leads to better decisions and better investments, which in turn will lead to more money. Never stop learning and never stop bettering yourself; investing in yourself is your greatest and longest investment position.
2. Understand the Meaning of ‘Investment’
The monetary meaning of investing simply means to make money from money.
To invest is to buy things (assets) which will make you more money than what you initially paid for them.
