You Do Not Need A Finance Degree To Be Successful In Investing. Here’s Why.

What stops us from achieving huge success in any area is often not the lack of knowledge but the lack of mindset.

In today's world, knowledge is literally a few clicks away.

Go on to Google or YouTube - and voila, you have any technical information that you need.

However, mindset is not something you can develop just by watching some videos. It has to be trained and cultivated.

And if we don't get rid of the poverty mindset, we will be doomed to be poor.

In this article, I will be writing about one of the biggest false belief that people have when it comes to investing.

"I Don't Have A Finance Degree. How Can I Invest?!"

It comes as no surprise that people are often daunted about investing in the stock market.

Because experts are always talking about terminologies such as rising interest rates, bond yield, stimulus, China-US tensions, ISM manufacturing index, and all those macro-economy stuff.

And because of all these complexity, people have this false belief:

"I need to know EVERY single thing out there, in order to be successful in investing."

Well, from my personal experience - you really don't, all you really have to do is to keep things simple - the stock market is just a vehicle that help you compound your money, that's all.

Its kinda like having a driving license.

The whole purpose of having a driving license allows you to drive a car from Point A to Point B. It doesn't mean that you have to know how to manufacture your own car to become a competent driver.

Similar, the whole purpose of the stock market is for you to compound your money. You don't need to have the knowledge of an economist to be a successful investor.

(In fact, very often, you just need common sense and a long term outlook.)

However, there is a next trap that most people fall into.

I have met many people who are investing in the financial market - and guess what, most of them uses different strategies.

Forex trading, stock trading, value investing, growth investing, bitcoin - you name it.

Whichever it is, I can assure you that there are millionaires created in each area.

And the trap that most people fall into is that they try to master every single skill out there - becoming the "Jack of all trades, and Master of None".

The world renowned action star, Bruce Lee, put this aptly:

Many people simply don't have the discipline to practice that one skill set over and over again until they finally master it.

Why?

Simply because we are in a noisy internet world and people are bombarding us with information.

You see, in today's world, we are not suffering from the lack of information, but instead the overwhelm of information.

And because of that, we simply cannot implement anything successfully.

However, I need to emphasize this.

By all means, watch all the seminars you need to figure out which style suits you best.

But at some point of time, you need to stop and decide which skill set you want to gain mastery over.

For me, I chose to master value investing with options simply because it suited my personality.

• I hated exchanging time for money so stock or forex trading was out of question.
• I am also not the sort who would do a deep dive research on a stock, so growth investing was not suitable for me as well

I enjoyed value investing because the process was so simple and effective - and using options acts a profit booster when the markets were largely overvalued.

However, as I said, you need to figure out which investment vehicle suits you the most - but at some point of time, you need to decide which is that "one kick" you want to master. The worst thing you can ever do is to know a little of everything but implement nothing.

Be Willing To Invest In Yourself

There are many courses out there that teaches you to invest in whatever vehicle it may be.

And some of us are probably unwilling to invest in these courses.

In fact, when I spent my first $4000 on an investment course years ago, people called me crazy.

"$4,000? that's expensive!"

If you think knowledge is expensive, I can assure you that ignorance is much more expensive.

Think about it, what would NOT knowing how to make money from the stock market cost you?

Well, if you didn't know how to compound your money in the stock market, you will probably have to leave in the bank at a painful return of 0.05%.

But if you learned investing, conservatively - you should be able to make at 8% annually. To illustrate this cost of ignorance, let's assume you started with $10,000 and compare the returns between 0.05% and 8%.

Not knowing how to compound your money at 8% will cost you $11,539.14.

(Fun fact: The same people who called me crazy for investing in myself, now asks me how they can get started in investing.)

But I get this - I understand the fears of some of those who are afraid that they spent their money on something that was not in line with their expectations.

It kinda like buying a shirt online, and when it was delivered - it was an utter disappointment. And worse still, the merchant doesn't allow for a refund.

(I don't about you, but I always have that fear when buying things online.)

This is why I always have a 30 days money back guarantee on my paid courses - because I believe that if I didn't add value to you in your investment journey, then I don't deserve your money.

What's Next?

So for those who might be interested, I have a paid program called the Profitable Watchlist Challenge where we cover the following:

• Find good quality companies that can grow your wealth...even if you never read a single page of financial statement in your life (HINT: Our copy-and-paste templates make it quick, simple, and nearly-impossible to mess up.)
  
  
• Discover the core concepts of stock valuation and how you can leverage this to know when to buy a stock (PLUS, why most people miss out on companies like Facebook and Microsoft, because they thought they were overvalued...)
  
  
• Leverage the Big 4 that feed you with unlimited stock ideas so that you never have to depend on a "guru" to feed you a fish anymore.