THE most common reason why people don’t start investing in shares, when they say that they want to, is because they don’t start in the right place!
When I ask people what is stopping them, they usually say one or more of the following:
- I don’t have enough money to buy shares;
- I don’t know how much to invest;
- I don’t know what to buy;
- I don’t know how to buy shares;
- I don’t have a broker and don’t know how to get one.
Do any of these answers ring true with you or do you have better answers of your own?
I bet you do.
When we are avoiding doing something that we know in our heart of hearts we should be doing, we can get very creative can’t we?
It’s so easy to convince ourselves that we have a good justification for doing it later, instead of now.
We say things to ourselves like:
- I’ll do it when I have enough money;
- I’ll do it when I work out how much to invest in shares;
- I’ll do it when I identify the perfect share that is guaranteed to make me lots of money;
- I’ll do it when I have time to learn properly;
- I’ll do it when the investment fairy comes and does everything for me!
Okay, probably not the last one, but it may not be too far from the truth.
The point I am making is that these are all excuses of one kind or another.
They are mental barriers that you put up in your own mind to protect yourself from something.
What Are You Protecting?
That something you are protecting yourself from is often much more emotional than the practical things I listed earlier.
- Maybe you are fearful of the unknown?
- Maybe you are scared of losing money in the stock market and being laughed at by your friends or family?
- Maybe you just don’t see yourself as the kind of person who owns a share portfolio – they are just for city whiz kids right?
Whatever your real reason, I guarantee that it is not the sort of things I shared with you at the start of this post.
If you think that those things are what is stopping you, then you really are starting from the wrong place!
So let’s get you starting from the right place shall we?
The Right Place To Start
I want you to get a piece of paper and a pen and write down as many things as you can think of that MIGHT be stopping you from getting started.
It’s okay to include some of the things that I mentioned earlier if that is what comes to mind first.
Also, don’t restrict yourself to writing down the one perfect answer either – I’m not expecting you to ‘put your finger’ on THE answer right away.
That’s the reason I say things that “MIGHT be stopping you.”
The most important thing here is to wake up your brain and your emotional side in particular, so just start writing and keep writing.
You may write some rubbish but that’s okay, amongst any rubbish will be some treasures that will only come out if you ignore the analytical part of your brain and allow your real emotions to flow.
To help you a bit, imagine how you would feel if I told you to go and buy your first shares right now?
Try it, go and buy those shares that you want right now!
What is stopping you?
How is this making you feel?
Write it down.
Keep writing…as many things as you can think of.
When you can’t write any more and you have your list of at least 10 things, look back over it and select the 3 things that jump out at you the most.
These are what is stopping the show for you – your showstoppers!
If you can’t find 3 because only 1 or 2 are jumping out at you then even better!
Now for the life changing bit…
This list that you have spent a few minutes on has the potential to change your life for the better.
But it is not going to happen unless you take some action.
I know that you know this but what you probably don’t know or haven’t thought about is that you are not alone.
If you want to increase the likelihood of you taking positive steps towards your goal of starting investing in shares to achieve your financial dreams then all you have to do is tell someone about your top 1,2,3 items from your list.
The more people you tell, the better.
That’s because telling people builds accountability and enlists help and support from those you tell – automatically – without you having to ask for it.
How great is that?
Your Personal Support Army
When you tell someone about what is really stopping you from achieving what you want, most of those people will try to help you.
If you don’t believe me, what would you do if someone was struggling to cross the road, for example?
You would help them wouldn’t you, even if they didn’t ask you to?
Well that’s exactly what other people will do for you too.
And that is just what you need to build the confidence in yourself and positive energy to get moving.
But it gets even better.
The Power of Social Media
This is a very simple way of getting help and support from people you don’t yet know, who share your dreams and are doing the same activity.
All you have to do is to leave a comment at the bottom of this page with your list of 1-3 items that are stopping you from starting.
I promise to reply to your comment and to support you in any way I can.
I will become your investment fairy and everyone else you tell about your showstoppers will become your investment fairy too!
So go try it, make a list if you haven’t already and share your top 3 showstoppers in the comments box at the bottom of this page.