Finance & Fury Podcast

Welcome to Finance & Fury, today we’re going to be looking at what stops people from investing. The common reasons I see; Fear and misconceptions Not knowing what to invest in Not knowing how to invest Not knowing the benefit Not having enough to invest The last one is a self-determinant from the previous 4 reasons. A form of financial procrastination creeps in; If you fear, don’t know, what, how or why, then you won’t allocate any resources (money) to it If you don’t know what to do, or how to do it, then you aren’t likely to bother If you don’t know the benefit – of realising that at some point – you will need to give up working Or – if you think something is a long time period off, or too large a value, you may procrastinate as well Why invest for retirement in 30 years? What is the point of trying to save a $110k deposit for a home? Most things that become larger (time periods, or their size in monetary terms) also become harder for us to achieve - $110k seems like a lot but $70 per day for 4 ye