Motivation, Mindset, Failure and Luck
Losing in order to win - thoughts for new investors
[Thread]
I started investing in July 2017
I had £20,000 / $25,000 saved
I had realised that we were in a middle-class trap & wanted to change our future
MOTIVATION
I spent my 20s working on a business idea that failed
The saga had cost a lot of time, energy & money. It put a big strain on my relationship
It put me in a financial hole that had taken years to dig out from. I ended up at a big consulting firm
I consulted to the UK's National Health Service but I wasn't always convinced about the value for money being delivered through our projects
I ended up switching sides & working for the NHS
Less travel, more relationship time
Job security & a stable income
There were tradeoffs though
A smaller salary for one
Got married. Bought a house. Had kids.
The kids changed everything. Your worldview shifts
I was scared for their future
The cost of living, the cost of education, the cost of property
All. Going. Up.
I turned to investing to improve our future.
Waiting till I was 68 years old to pay off our mortgage and collect a pension was not what I wanted from life
A family friend had talked to me about investing when I was a teenager. But I had never taken action.