Understanding investment
When it comes to investing or investments what comes to mind for us are property, stocks, shares, assets and time. And truthfully those are the types of investments that we have, the problem is in understanding the process of investing. We are quick to put money into an investment offer based on the returns that we are promised when it matures, we pay less attention to the details of the process of where exactly our money is going to and how it will accumulate these projected returns. That is why you'll find people investing in things that they have no business in investing in. If you do not understand the process then you have no business investing in that particular investment. Because you chose to skip the process of understanding, it's then and there that you might get ripped off or get scammed by the investment providers.
Your history
Our history or background plays a huge role in how we view money; how we understand money and how we should make money. The household you were raised in, the school you went to and the community you were raised in are major role players in your financial downfall or financial prosperity. For example, at a young age when you were told to put money away in your cash box to save it for a particular school holiday, that taught you how to save. Doing chores for people in your neighbourhood as a young kid and getting paid for it, taught you work ethics. These are just two examples of how your history might have played a role in your finances today.
Your environment
The saying “You are a product of your environment” is true but it's up to you as the individual to not be defined by where you come from. If you grew up in an environment where people spent money recklessly and popped bottles every weekend, that doesn't mean you're destined to do the same as well. Just like when you grew up in an environment that is filled with great investors and money savvy people, that doesn't mean you're destined to become one too. It's an individual's decision that is based on your observations that will determine how well you'll treat and use your money. We copy from people around us and paste into our own lives, and some of the things that we copy, we find out later that they were the wrong things to integrate into our lives.
It's said that in school you learn a lesson then you get tested, in life you get tested first then you learn a lesson. My wish for you is that you pass your investment test with flying colours and many positive returns.
Tshidiso Yekela is the founder and CEO of Scamrol.
email: tshidisojosephyekela@gmail.com
Instagram: @tshidisoyekela
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