When you begin to understand the power of investing, you’ll naturally reach a point where you want to start moving even faster or seeing results even sooner.
But how do you turn one success into a repeatable process?
I believe becoming an expert is far more simple than many people think. I first discovered this process in my journey of learning the French language — and then I replicated it three more times to learn other languages throughout my adult life.
If you’re committed to learning, willing to take action, and dedicated to reaching your goal, this four-step process will help you build your expertise and your confidence as an investor.
1. Identify Your Objectives
So you want to become an expert investor? That’s a great goal on its own, but it’s important to connect your goal to a more specific “why” that will keep you motivated on days when you’re tempted to quit.
For some of you, that objective might be “I want to retire at 50.” Or maybe, your objective is “I want to have $___ saved for my children’s education.”
When you have a specific goal, it will be much easier to choose the investment vehicles that are best equipped to help you reach that goal.
2. Get Your Education
You’ll never become an expert investor until you actually start investing, but it’s still important to make sure you’re not jumping in without any knowledge at all.
When you already know the specific objectives you want to achieve, it’s much easier to focus on the pieces of knowledge that will be most helpful to you.
This could look like reading books or listening to podcasts from people who’ve already achieved that goal, or doing research about specific investment opportunities.
3. Seek Out Accountability
As you’re getting your education, it’s also important to surround yourself with other people who (1) have already achieved the thing you’re working toward, or (2) are on the same journey you’re currently on.
Surrounding yourself with people who are working toward a similar goal can be incredibly motivating. But it’s also extremely important to seek out the experts who have already achieved your goal and can teach you how to replicate their success.
Having these people around you will help keep you accountable when you’re hesitating to take action, or when life gets busy and you find yourself losing focus.
4. Take the Action
Now that you’ve set goals, gotten your education, and found your people, it’s time to start investing. You’ll probably feel uncomfortable taking the leap, and that’s OK!
You may also make mistakes, but don’t let that keep you from continuing to try. There’s no perfect investment, and no investor gets it right 100% of the time. All you can do is learn what you can, and then act on imperfect information, knowing that even small steps are getting you closer to your goals.
Are you ready to take action and start participating in tax efficient, direct investments? Our team at FGCPTM would be honored to come alongside you and find out how we can help you reach your target destination. Visit this link to get in touch.