5 Common Investing Mistakes, Business Starter Kit & Talking About Money
Catch up with the latest content from How To Money, designed to empower you on your own financial education journey.
Dear How To Money Reader,
Welcome to a brand new month, and opportunity to work towards your financial goals!
When it comes to investing, one of the reasons that commonly holds people back from getting started is the fear of making a mistake. This is understandable given your money is on the line, but something I’d really encourage you to dive deeper on.
Because at the end of the day, I truly believe the biggest mistake you can make is not actually starting at all.
But given we often learn through other people’s mistakes and can gain confidence by understanding all the ways we can go wrong, I shared five common investing mistakes with readers, and how you can avoid them.
New From HTM
This month I had some interesting conversations about starting a side hustle/small business and sorting out your super on the How To Money podcast.
Stay tuned for episodes on building a diversified portfolio and setting financial goals this month!
🎧 Tune into these episodes on your favourite podcast player, or click to be magically transported to Apple Podcasts and Spotify.
I also had the opportunity to share some thoughts on discussing money in relationships with Broadsheet (which you can read here).
Don’t be discouraged if your attempt to start a conversation about money with friends and family doesn’t play out the first time around.
It might not be the right day or the right way to approach it with that person.
Jumping in and talking about investing might be overwhelming for someone who is trying to get themselves out of debt.
Try and meet your friends and family where they’re at.
Interesting Finds from Around the Web
🧠 The feeling of regret does not necessarily mean you made the wrong choice. This podcast episode on We Can Do Hard Things with Glennon Doyle helped me reframe regrets in my past as a sign of growth and evolution in my life.
🧽 How much is your time worth? This interesting episode from The Money with Katie show, looks at the decision process on outsourcing things like cleaning, cooking and other household tasks.
💻 I often think about the default life path we get programmed with, and the chance we have to instead pick our path with intention. This podcast episode with Paul Millerd reminds me that sometimes we can spend so long searching for the things that’ll make us happy, that we forget to actually be happy.
Enjoy the last month of the financial year!
Kate - HTM Editor & Host