What does running and investing have in common – and what can you do to start investing easily?
I’m making a “30 things to do before you’re 30” list. There, I stated that I want to finish a 10 KM run, but in order for me to do that, I need to finish a 3 KM run first, right?
The same thing happens with investing: you’ll set up a Target Amount like achieving 1 MILLION pesos before you’re 30 years old.
READ: GMA Feature: How to Make A Million Pesos Before Age 30
BUT for you to this, you need to commit to investing at least P1,000/month, right?
In both activities, you’re encouraged to dream as big as you can, but you need to follow through those dreams by doing small actions regularly.
2. It doesn’t matter how slow you are, as long as you finish.
For the 3 KM category, there were about 1,300 participants.
And you know what? I probably finished and landed in the 600th, or if I’m being truly honest, 750th spot. 🙂
This fact didn’t stop me from being proud of myself, though.
The same is true when you start investing. One day, you’ll be talking to a family member, a friend or an office mate, and you’ll mention that you want to invest and you’re planning to open an account within the week.
READ: Invest In The Stock Market and Protect Your Income At The Same Time?
They’ll tell you things like:
“No, just put it in the bank kasi mas matagal na silang nandyan.”
(Even though a credible bank like BDO was founded 1968, whereas insurance & investment companies like Sun Life was founded 1895.)
“Mas maganda sa savings account. Kikita pera mo ng 0.80% a year, oh!“
(Even if savings account give you 0.80%/year interest whereas inflation decreases the value of your money 3-4%/year)
How about you? Nasubukan mo na bang tumakbo, or mag-invest? If not yet, what’s stopping you?