Stop Making Excuses, Start Investing Today

For many, even hearing the word investing seems like a frightening proposition filled with great risk and little reward. While investing your hard earned money certainly involves patience and a willingness to learn some key principles, it does not have to be the intimidating process that many make it out to be. According to research, there are four concerns people often cite when choosing not to invest: lack of knowledge or experience, lack of pricing transparency, distrust of the financial industry and the sheer complexity of investing. Below, we discuss ways to conquer each of these concerns and begin investing well.


We can’t sit here and act like investing is a walk in the park. It takes time, patience and at least a general understanding of some finance and investment principles. However, you do not need to have your MBA or have worked in finance for 10 years to grasp the fundamentals of investing. Luckily, we live in an age where you have a wealth of knowledge at your fingertips. A simple internet search can return articles, blogs, podcasts and more that discuss concepts such as long-term compounding of returns or diversification to lower risk. Solid research combined with common sense can put you well on your way to investing sensibly.


Surely, there are often additional charges, such as fixed index annuities and variable annuities, that can seem confusing or excessive when considering the cost of investing. However, there are plenty of investment structures out there with clearly defined and labeled fees. Sites like allow you to search for investment quotes and discover the annual expenses and sales charges associated with that fund, providing you with a clear directive and comparison to invest where it makes the most sense for you.


Markets shift on a daily, sometimes even hourly basis, and there are financial advisers out there who take advantage of people’s lack of knowledge, so while a dose of skepticism may be healthy when you begin investing, it should not stop you entirely. If you understand upfront that the markets will indeed fluctuate, sometimes dramatically, so you must remain patient, and know that every investment firm may not have your best interest in mind, you will enter the market cautiously and avoid falling into unknown investment traps.


Many financial firms will advise a plan of constantly scanning the market and jumping in and out of funds based on new data to be the smartest investor, a process that truly does sound complicated and confusing. However, while this process may work for some, it is not a one-size-fits-all formula. There are a variety of options, from total stock or bond market index funds to target fund portfolios, where you can build wealth for your future with less hassle and constant shifting.

Many let the fear of failure stop them from even trying, but you don’t have to let your fears control you. Be smart, consider your options and do some solid research to mitigate uncertainties, then get those feet wet and start planning and investing for your future, today.

Millennials: How to Start Saving Now, Even on a Tight Budget

Many older generations believe millennials to be poor budgeters and decision makers who don’t consider, or care to consider, their financial futures beyond tomorrow’s trip to get Thai food. While that may be the case for a select number of those under 35, millennials do not have to ascribe to this stereotype and, even on a limited budget, can begin saving for their futures. Below are some helpful tips for getting your money organized and putting some away for your future, even on the tightest of budgets.

  1. Budget, budget, budget – One thing is for certain, while all millennials may not be financially incompetent, they are almost all technologically adept. And in today’s world, it’s simple to track your spending and stop living paycheck to paycheck, right from your smartphone. Whether you track your funds and spending on your bank’s app, or use an outside app as a budgeting tool, it’s vital to consider what’s coming in, what’s going out, and what habits you can change to have more to set aside.
  2. Pay yourself first – Unfortunately, this doesn’t mean every payday you get to go buy a new shirt or gadget. Rather, every paycheck, set aside a small percentage (5%) for an emergency fund and another 10% for a retirement fund. If your company offers a retirement fund and matching contributions, it is absolutely vital to contribute, even if the funds only amount to 3% of your annual salary. If you don’t have a 401(k) option, consider opening a Roth IRA and begin saving on your own. Even setting aside an amount as small as $25 a month can mean thousands for your future, if you stay diligent.
  3. Talk about your finances – Whether you’re married or single, find someone you trust to discuss your finances with who can keep you accountable. This could mean you and your spouse regularly keep track of your spending and cash flow, reminding each other when slips occur, or it could look like sitting down with a parent, friend or outside source whose financial acumen you admire, asking for help/accountability. Having someone to remind you of your goals, pushing you to stay on track, will always prove beneficial.
  4. Steer clear of the “lifestyle” shift – For many, a new job or a raise might make them think they’ve “earned” a bigger apartment, or can put more in their vacation or entertainment funds. While rewarding yourself is healthy now and again, rather than sending that extra cash straight out the door, consider creating a S.M.A.R.T financial goal (specific, measurable, achievable, relevant and time bound), and begin putting funds aside to save for that goal. So whether it’s saving for your first house, buying a new car or just adding more to your retirement fund, don’t jump right in when finances increase, plan and save with clear goals in mind.

Budgeting well and saving is process that takes commitment and continuity, but with proper tracking and monitoring, and some strong accountability, anyone can achieve their financial goals and begin putting money away for the future.