Investing Won't Make You RICH (probably)

I have been seeing a lot ADS recently from random people on YouTube, talking about how they have some secret that will make a millionaire by next year and all I have to do is pay them a fee to learn the tricks to the trade. After seeing about 100 hundred if not more of people showing me their fancy houses and fancy cars, I got ticked off and this podcast episode was born. In this episode, we are talking about how investing is not going to make you RICH overnight. Investing is not about a quick turn around but a consistent pattern over the long term.

Here are three reasons Investing will not make you rich overnight:

1. You need some form of starting capital to even start investing, which means you gotta save money first.

2. The general returns are not that great. The S&P 500 has had an annual return of about 8-10% in the last 90 years meaning if you invested $10,000 you will make $800.

3. Let's be honest with ourselves, we kinda SUCK at investing and picking stocks.

If you have any questions, you can email me at kelechi@ramblingmindshow.com or go to https://ramblingmindshow.com/

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Cover Art by Dissirama: www.instagram.com/bydissirama/

Disclaimer: I'm not a financial advisor. The information in this video is general and is not professional advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Ultimately you are responsible for the financial decisions you make.

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