Reason 6: Learn with Trial and Error
Learn with Trial and Error
A lot of people never start investing because they’re worried about making a mistake. To many people, investing feels like this big, complicated thing you have to spend a ton of time and energy on to get right. And if you don’t get everything right then you might lose a lot of money.
The good news is, practice makes perfect. And the sooner you start, the more time you’ll have to practice making smart investment decisions. You can learn as you go. You can learn from your mistakes, even other people’s mistakes. This is how you’ll get the skills and experience you need to make the right decisions later on. Don’t let fear or self-doubt hold you back from getting started.
Just think of investing as going to the gym. Some people struggle with gym anxiety because of all the strange equipment, rules and fear of others judging them for their fitness level. Yet nobody was born with a perfect body. No-one expects you to magically transform into a ripped bodybuilder in no time. It’s the same with investing, no one expects you to become a Warren Buffett-type investor.