I recently conducted a survey and received hundreds and hundreds of responses. One of the questions I asked was:
Which (if any) of the following financial areas do you feel CLUELESS about?
The top response was Investing.
With phrases like mutual funds, ETFs, stocks, bonds, brokers, margin accounts, rate of return, yield rate, P/E, market capitalization, and current ratio, it can literally feel as if investing is another language!
I know the feeling as I’ve been there! Because of the results of this survey, I am tasking the I Was Broke. Now I’m Not. team to aggressively address this issue. We are hard at work developing resources that are going to help take people from “clueless about investing” to “financially confident and competent investor!” You will be seeing these resources being released over the next several month, and we can’t wait to share them with you!
In the meantime, let’s start by presenting a working definition of “investing.”
Investing Using your money and possessions to create more money and possessions.
The goal for any investment is to gain more in return. There are countless ways to do this, and we are creating resources to help people maximize their investing efforts.
I look forward to sharing more in the very near future!