What If I Lose All My Money After I Start Investing?
Oct 27, 2023
As-Salaam-Alaikum everyone!
Welcome back to Muslim Women Invest!
Today, I want to talk about a question I get asked so often that, if I had a dollar for every time I had to answer it, I would be a millionaire.
This question has come from many, many sources: my clients, my friends, my family, my husband…I have heard it over and over and over again. And that question is…
What if I lose all my money after I start investing?
One of the first fears people tend to express when they want to start investing is the fear that they will lose all the money they invest.
This misconception stems from people who have unwittingly spread this myth because they start investing the wrong way or by not doing enough research beforehand. But these cases shouldn’t be considered the norm—in fact, this is a very dangerous myth that I want to break down today because it keeps a lot of people from deciding to start investing.
What Do You Lose When You DON’T Start Investing
The first question I want to ask you is this: did you know that because of inflation, which is the rising cost of living per year, the money in your checking account is constantly decreasing in its buying power?
A decrease in buying power means that $1,000 today isn’t able to buy the same amount that $1,000 could have bought you five years ago.
Inflation is at an all-time high. You can hardly get by. I have a family of six, and we are spending thousands of dollars just in grocery bills.
I don't cook expensive, over-the-top meals, either. Those bills consist of vegetables, fruit, and meat—and most of the time, that meat is fish. It’s completely insane.
I'm giving you this real-life example so that you understand that you are actually losing money when you're not investing money.
When your money is not invested at all—not in the stock market, not in real estate, not in gold, etcetera—it’s simply deteriorating in value. If you don’t start investing it in something that increases in value over time, it’s going the opposite direction.
People tell me “Cash is king” all the time. But here’s the truth: that money is going to turn into dust in the next few years if inflation continues at this rate.
However, if you start investing that money, that money is going to grow for you. It is going to provide for you. It is going to ensure a dignified retirement. It is going to ensure your kids go to college. It will ensure you can look after yourself in case of medical emergencies. It’s absolutely important that you start investing in something.
Alternatives to Stocks
Even if you are really scared of the stock market, there is still no excuse for not investing.
You can invest in gold, which holds intrinsic value since it’s a precious metal. You can buy gold bars and invest in those. If you think gold bars are too expensive, start buying gold coins. The last time I checked, the cost of gold coins was about $70 per coin.
Real estate is an option, too. There are so many avenues of investing outside of the stock market, if that scares you, but you have to invest. That is the end of the story.
You Can Learn…And I Can Teach You!
Instead of taking an approach of fear, do something different.
You need to understand that the longer you go without investing, the harder it is going to be for you to retire or save your money.
You don't need a degree. You don’t need to have experience. You can learn how to do this no matter what…and I can teach you how.
If you don’t know where to start, start here: I offer a free weekly investing class on Sundays where we discuss all things investing. It is at 9 P.M. Eastern Standard Time, and with it being free, you have no excuse not to attend!
I am also hosting a masterclass in November. This is the first and only masterclass that I will host, and I will be helping you make a financial plan for your family. You should not miss it out. It's absolutely worth your investment.
This masterclass will ensure you walk out of 2023 without excuses and with a financial plan that actually works for your family, avoiding all the expensive mistakes beginners make.
Keep learning. Keep educating yourself. I can’t wait to see you in my class!
WORK WITH MIRAL:
Sign up for my masterclass: https://www.invest4lifemk.com/offers/jCmdPRYj/checkout
Attend my free weekly class: https://my.demio.com/ref/RCenuu9luQi3AcXT
If you're ready to transform the trajectory of your life and the lives of your family members through investing, book a consultation with me: https://www.invest4lifemk.com/services
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