Five Simple Practices to Start an Investing Plan

Do you think good thoughts about money?  If they are negative, how would your life change if your beliefs about money are focused on a positive outlook? You don’t need all the answers right now on how you will create change. However, make it a priority to begin thinking positive thoughts and creating change in what you do now.

Here is a simple short exercise to feeling good about growing wealth. Write down two of the money goals that you feel are within reach to inspire you right now. Decide you will make it a priority to begin to achieve those goals. Begin taking simple steps toward those goals that will not overwhelm you each day, even if it’s only a few minutes. Once you complete them, you will have more confidence that you can achieve other financial goals.

Develop a plan to get your money working for you over time, no pressure on yourself. Start small by opening an account to invest in the stock market.

Although stocks are riskier than keeping money in a savings account with a fixed yield, they have historically had higher returns that beat inflation, thereby making it easier for you to grow your wealth. Building a solid foundation that includes the stock market opens doors to financial opportunity because you create an additional income source that compounds over time. Once you start investing, your money will be working for you.

You can start with a few hundred dollars that will add up over time. When you begin investing, take time to learn the basics. I’m here to help you. As your knowledge expands and your skills improve, you will feel more comfortable and confident about money. As you gain confidence and you have extra cash, then increase your investment.  Start by using these five practices listed below.

Five Simple Practices to Start an Investing Plan

1. Invest by diversifying your investments into a broad mix of stocks and bonds. Don’t put all of your money in stocks.
2. Start investing small, so you are comfortable. If you are worried, then you are too invested.
3. Own investments that are flexible where you can make a change quickly. Avoid taking significant losses on your investments.
4. Create a small watch list for new potential investments in the future. The market moves quickly. Be prepared in advance of possible entries, so you will be ready to take advantage of opportunities that may occur without hesitation.
5. Create a simple strategy that you will follow.

Once you get the basics down, you can get more advanced. Avoid focusing on the past experiences that may have set you back from achieving your financial goals. Focus on the lessons you learned that turned out OK.

Have your money working for you by investing in the stock market, an excellent way to grow your wealth over time.  Set yourself up for success, starting where you are right now by developing a simple investing plan that you will consistently do and don’t look back.

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Bonnie S. Gortler

Bonnie Gortler, a Consultant, Coach, and Author, is a Wealth & Well-Being expert with over 35 years of experience in managing multi-million-dollar client portfolios at a top-rated investment firm. As the author of Journey to Wealth, Bonnie is dedicated to teaching the importance of risk management and achieving true financial well-being by integrating both the technical and mental aspects of investing. With an M.B.A. and certification as a life coach, Bonnie combines her passion for coaching, consulting, and blogging to inspire people globally. Her powerful techniques and winning mindset help others experience personal growth and financial success. Explore wealth-building tips, personal development strategies, and more at BonnieGortler.com, and discover how you can enhance your wealth and well-being.  


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