For those that have a bit of money saved away, and are thinking about what next steps they can take to start bolstering and building up their finances for the future, investment is a fantastic way of putting your money back to work for you, and using it to connect with promising ventures that can help secure your continued and varied success.
Figuring out where to get started on an investment journey is a difficult first step, and so we’ve compiled a shortlist of inspiring quotes that might help you to get started on your investment journey! Read on to find out more.
“The most important investment you can make is in yourself.” – Warren Buffett
To start with, this is a fairly self-explanatory quote and one that’s crucial in any aspect of life, not just with regards to investment. Getting yourself trained, knowledgeable, and well-equipped to handle a task before diving in will almost always yield better results.
From an investment standpoint specifically, the best first step should be to take a step back, figure out what your financial situation looks like (and what you can afford to comfortably part with), and get yourself educated on the different investment markets and which one is right for you.
Ultimately, getting yourself into a positive situation with clear goals and ambitions is more important than any singular investment strategy, and you’ll likely get better investment prospects.
“Don’t wait to buy real estate, buy real estate and wait.” – Robert G. Allen
This quote, of course, relates specifically to the real estate/ property investment market, which is one of the most secure, tactile, and promising long-term investment strategies for those that have the right amount of capital available and can afford to buy.
Generally, providing that the city or area you’re looking into is trending on the upwards, the demand for modern, luxury housing is always rising, and property can form a competent backbone of any investor’s long-term financial portfolio. This rising demand results in house price growth and capital appreciation, which, as Mr. Allen suggests, makes the wait worthwhile.
One example of how growth is positively affecting investment prospects is in the North West UK city of Liverpool. In their various different guides to the area, award-winning property investment company RWinvest describes how its numerous development and regeneration projects – not to mention the cultural impact that factors such as the footballing prowess in the city and its musical impact – are resulting in some of the highest growth projections in the entire country at the moment.
“Never depend on a single income. Make investment to create a second source.” – Warren Buffet
Another quote from the hugely successful Warren Buffet, this time he highlights the importance of trying to build and maintain as many steady income streams as you possibly can. Not only will this lessen the burden of your primary income source, but it will also protect your financial portfolio in the event that one of your investments takes a negative turn. A diversified income stream is important, too, and many investment gurus recommend that you diversify as much as possible when you can.
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson
While you certainly can get enjoyment and fulfillment from an investment strategy, and some markets are more volatile and thus perhaps more excitable than others, there is a lot of truth to Paul Samuelson’s quote about going to Las Vegas if you want immediate excitement.
Again, making an investment decision requires patience, and the ability to have foresight, judging for yourself what might be fruitful in the long run. Planting well-thought-out seeds that can flourish and grow steadily will ultimately be more successful for you than quick, erratic investments that can shift suddenly and aren’t as reliable as a major portfolio backbone.
This also links in with the security of investment, and how different volatile markets and risks are more/ less sustainable than others. Take your time with investment and tread carefully, and remember that all investments have risks involved. You can certainly garner excitement from an investment venture, but it shouldn’t come at the cost of risking losing your capital if you can avoid it.