Investing barriers can affect how and when you reach your financial goals. If you find it difficult to put your investment plan into action, you could be stuck at one of these common obstacles:
– Feeling overwhelmed or anxious when it comes to investing
– Not knowing enough about investing to get started
– Procrastination
– Feeling intimidated by investing
Click here to learn more about what each of these barriers mean.
If you relate to one or more of those barriers, there are simple steps you can take to begin tackling them.
For example, if you feel overwhelmed when you think about investing, one of your first steps to overcome this barrier could be to evaluate your financial position. By doing so you might determine that investing is not the best option for you right now; it may be better to pay down high-interest debt like credit cards, or establish a rainy day fund.
If you have evaluated your financial situation and decide that investing is a good fit for you, then you might run into another obstacle – not knowing where to get started.
Fortunately, there are ways to get around this barrier as well. One great way is to start with the basics on a website that provides independent, unbiased investing information. BCSC InvestRight does exactly that. We suggest starting with the Investing 101 section, where you can learn about common investment types and accounts.
