What to do if you’re scared to invest 💸

Have you ever felt like you should be doing something smarter with your money?

Maybe you want to invest, but when you try to “figure it out” (AKA google/YouTube search)… what happens? You might ask…

  • I have a Roth IRA or 401k, but what do I do with it?
  • What the hell is a bitcoin?
  • What stock should I buy?

Looking at all the potential investments gets overwhelming. So overwhelming that you don’t want to do anything. And we end up never making a decision and doing nothing.

Even worse, money is on the line. Make the wrong move and there’s goes your life savings. Whomp whomp.

Does this sound familiar?

The truth is most people know they should be investing. But just like fitness, everyone knows that it’s good for you. But the struggle is real when it comes to actually doing it.

Like fitness, we feel guilty for not taking action.

Have you ever had that moment when you’re looking in the mirror, feeling instant regret polishing off a pizza, and skipping the gym? Or that moment when your bank account balance is staring you back in the face reminding you that you’re broke?

Damn you Pizza Hut

The same thing happens with money. We start feeling guilty knowing that we missed out, stop looking at our accounts, and avoid talking about money like STDs.

There’s this Chinese proverb I like… “The best time to plant a tree was 20 years ago. The second best time is now.”  AKA… it’s okay to up fuck up and it’s never too late to make better decisions.

If you feel this way, it’s completely normal. Regret is normal. I still feel that uncertainty with every new investment. The only difference? I don’t stay stuck. So how do you go from uncertainty to taking action?

Go in with the right strategy and a positive mindset.

  • You won’t need to worry about making irrational poor decisions where you’ll lose everything.
  • It’ll simplify those hard to make decisions.
  • Most importantly, it will help you make money and live guilt-free.

So today I’m going to share three of my essential MUST-READ three strategies and mindsets that I use for investing.

Whether you’re going into cryptocurrency, stocks, mutual funds, ETFs, or whatever, they will help you take action and most importantly make investing fun and exciting.

Trust me. There’s no better feeling that waking up knowing that you made $30,000 passively… all while watching PornHub. Are you ready to start investing and start making money? Let’s have some fun and fuck up some commas.

Investing doesn’t have to be complicated

I was 11 and didn’t even hit puberty yet. It was my first day investing.

During the pre-internet days you had to physically go to the “office” to setup an account. I went to Fidelity with my uncle to open my a brokerage account.

I didn’t really know what was going on. Back then there was no Google or YouTube to research the “hottest” new investments. We only had books, magazines, TV, and people.

Luckily my uncle was my ‘”Rich Dad” from Rich Dad Poor Dad, teaching me the ways to be a millionaire. Whether it was driving me to college and talking about investing or leaving me copies of Money and Kiplinger magazines, my uncle was there more than my real dad.

My “rich” dad

My real dad never did any of that. He was a constant saver, threw all his money in the bank, and always yelled at us for spending any money. Imagine what it’s like always feeling guilty and never having enough? Who the fuck wants to live like that? 

And this is why investing is so important.   

But before you ask what stock should I buy?Hold up. Investing doesn’t mean picking the “right” stocks. It’s too complicated for most people starting off. 

Instead start simple.

When I was 11, my uncle stressed the value of index funds. This allowed me to cut out all the mudda complicated bullshit just to start investing.

Does an 11 year old really want to spend time researching the next hottest stock or mutual fund? Hell no. I was a kid and wanted to play SNES. 

Instead open a Roth IRA and invest every month into index fund or a target retirement fund (AKA dollar cost averaging). I used this exact strategy to make $30,000 passively. The magic is in compound interest.

It’s not the crazy crypto gains, but you’re just starting. Am I saying that you should never invest into stocks or bitcoin? Of course not. All I’m saying is that investing doesn’t have to be complicated. You can always add more things later.

Do I get tempted when my friends tell me I MADE $100K OVERNIGHT OFF (insert stock/cryptocurrency here)? Fuck yea. You might miss out sometimes, but there are always more opportunities to make money.

Focus on easy simple wins first. Make investing a habit. Build your confidence. It’s not sexy, but done is better than none. 85% is always better than 0%.

Investing is like picking a place to eat. The only wrong decision is failing to make any decision. So just make a fucking decision. If I could do it before my balls dropped and without the internet, you can too.

…which leads me to the next point.

Losing money is part of the game

Recently I jumped on the cryptocurrency hype. Most people know about the big three. Bitcoin, Litecoin, and Ethereum. But there’s more coins out there. With over 900+ alt coins and more created daily, how do you know what’s a mudda good deal?

Timing the market is hard. Sometimes you come out on top. Other times you’re wrong and lose money. Let’s do this simple exercise.

If you had $1000 to invest, what would you do in this situation?

Did you buy or wait at $6900? Here’s what actually happened.

Within a few days, bitcoin fell down to $5800. When you’re only focused on making quick money, you’re probably thinking either these two things…

  1. I should have invested more.
  2. I got ripped off.

Regret is a bitch. It’s like that negative ass friend. You know the guy who complains about how there’s too much sauce on their Halal Guys chicken and rice. 

You just can’t win. Unless you got some Nike Mags and the Back to the Future Delorean, there’s no sense in beating yourself up trying to time the market perfectly. Hindsight is always 20/20.

Instead focus on the long term gains.

Losing money happens to everyone. Accept it. In fact, it’s the best way to learn.

After losing 15% in a week, I stopped injecting large amounts of money at once. So what’s the new strategy?

  1. Dollar cost average every week
  2. Double down when there’s a mudda “good” deal.

Is this the perfect strategy? Probably not. Often good enough is better than perfect. Perfection can fuck you. Taking action is what matters most.

Is it worth stressing over every dip? Hell no. Be excited. Look at for opportunities with every obstacle.  

As long as you believe that your investment fixes an actual problem and people actually give fuck about this (AKA supply), you shouldn’t give up. 

Oh guess what? The come up. Stop focusing on short term wins.

Getting rich overnight is bullshit

Who doesn’t love those overnight success stories when people win the Powerball or lottery… but what happens to these people later in life? They go broke

We all know Warren Buffet, Jeff Bezos, and Bill Gates. Instead I’m going to use the one and only Joe Jo as an example. How did he create a “rich” life?

The answer lies in this video. Road to Success is one of my favorite videos by JK films.  

Getting rich over time is not sexy. You don’t get rich overnight. It’s the years of decisions (and eating nasty shit on JK party) that got him here.

The same concept applies to investing. You don’t need to be 100% every time. Everyone loses money, but it’s the few right decisions that get us rich over time.

Maybe you say… I’m scared that I’ll make a huge mistake and lose my hard-earned savings. This is why I emphasize building a portfolio rather just picking a single “stock”.

Focus on creating multiple streams of revenue instead of banking on one investment. Create a portfolio. It’s why I added cryptocurrency, stocks, ETFs, and Peer to Peer lending to my portfolio.

You never know when the stock market or crypto shits the bed.

The hardest part about investing

How many people do you know want to be rich and years later they’re still “trying to figure it out”? Is knowledge the real problem?

Especially with the internet now a days, you can sit on a toilet, shit, and research on your phone all at the same time. Talk about efficiency.

So why are so many people still struggling with investing? It isn’t knowledge. The real hard part is just getting started.

It’s about having the right mindset so you can take action ASAP.

There’s a lot of people who obsess about making millions overnight when really they should be focusing on things like opening a Vanguard, Coinbase/GDAX, or Robinhood account.

Taking action is the scary part, but you don’t have to do it alone. Sign up for our email list. Every week I’ll send you things on mindset, investing, and cool shit going on in my life.

When are you going to stop saying “I want to invest” and actually start investing? Is it today? Or in ten years when you say “I should have started sooner“?

Until next time,

Kevin the Refugee

PS… Did this article help you? Chances are it might help one of your friends. Please share this article with them. It might give them the push to start investing.

BTW here are my favorite resources and great places to start investing.

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