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.