I Hate Finance, Now What?

bored baby

http://michaelprescott.typepad.com/michael_prescotts_blog/2010/07/bored-baby.html

I’d have to admit, finance is not the most interesting topic. Even if you like money, you might be bored to death by finance.
Most United States citizens didn’t even care about finance and how it affects their lives until they had to finance a bank bailout.

Even if you hate finance there are 3 easy ways to make money with the information on Financial Success for Young Adults.

Invest in what you love

When you really like a company, say for example, your cell phone provider, reading through their recent news is much easier to stomach. You should find one to two companies that you frequent as a customer and get to know them better buy browsing their investor relations page on their website. You may be surprised to find out what other companies or business lines they own.

Keep it Simple

You don’t have to learn every single asset class. If stocks interest you then research your favorite company. If you don’t have time for in depth company research and you prefer global economics consider futures or forex. The best investors become experts in their asset class of choice. Read 9 Steps to a Profitable Portfolio to learn more about the different asset classes.

Let Someone Else Do the Work

This may be an option for you if you have enough capital to hire a money manager. There are fund managers, stockbrokers and other financial advisors that will invest your money for you. Normally they charge an upfront fee and a portion of all of the gains they make for you. When you choose a financial advisor be sure to research their credentials and background. The last thing you want is for your financial advisor to run off to Las Vegas with all of your money!

How do you keep investing simple? I’d love to hear about it.

Ready to get started investing? Choose a Broker here.
Want to hire a pro to invest for you? Check out Betterment.

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About LaTisha

"Money is a tool. Use it to get where you want, but don't let it control you."- LaTisha

Author, motivational speaker, entrepreneur. Love to laugh and make others laugh. Focused on helping you build success and stay motivated along the way. Start investing now and let’s build wealth together.

  • http://dollardisciple.com Dollar D @ The Dollar Disciple

    “Keep it simple” is the best advice! If managing your finances is complicated then you are much less likely to do it, and you will pay for it later in life!

    For most people, an IRA with index funds will probably be the best choice.

    • http://youngadultfinances.com LaTisha Styles

      That is true, some times simple is the best choice. Especially if you don’t want to put in the effort.

  • http://www.makingsenseofcents.com Michelle

    I agree, keeping it simple is a good tip. I get overwhelmed by investing and the like still.

    • http://youngadultfinances.com LaTisha Styles

      Yeah, there can be a lot of information to take in.

  • http://moulahmono.wordpress.com Elise @MoulahMono

    Definitely agree with keeping it simple. Finances are very important, so why make it a chore to manage. Also, I really like the tip – Invest in what you love. If you love, check it out and pay attention to the buzz or silence that is around it…and go for it!

    • http://youngadultfinances.com LaTisha Styles

      I’ve always found that if there is a business that is interesting to me, I don’t mind reading the ‘boring’ stuff.

  • http://add-vodka.com Daisy

    Finance can definitely be boring. I agree with Michelle; I always get overwhelmed by investing speak – it goes in one ear and out the other, but I need to learn it for when I’m making more money/out of debt and CAN invest.

    • http://youngadultfinances.com LaTisha Styles

      Getting out of debt should be a priority. It’s important to have the foundation before starting to invest.

  • http://www.thadthoughts.com Thad P @ thadthoughts.com

    I have found that the most effective means for me has been to invest automatically, whether through a DRIP or similar, but certainly where I can start it and let it happen (even $50 a month can grow significantly, especially if you start that when young.

    • http://youngadultfinances.com LaTisha Styles

      God point. I’ve set up an automatic deposit in my Betterment account and it seems to have grown overnight.

  • http://moneyguyzack.blogspot.com Zack Jones

    I keep it simple right now by investing 5% in company 401(k) so I can get 4% match. Right now all other money is going towards debt. Once debt is gone and emergency fund is complete we’ll most likely invest in Roth IRA for my wife and company Roth 401(k) for me.

    • http://youngadultfinances.com LaTisha Styles

      It seems like you are taking things step by step. Good job!

  • http://debtfreebythirty.net Niki

    You are right about keeping it simple. I racked my brain trying to “learn” everything about investing and sometimes it’s easier to just do it and not get caught up in the worry if you are making the right decision.

    • http://youngadultfinances.com LaTisha Styles

      Exactly! Everyone does not have to buy stocks for themselves. Sometimes it’s better just to allow someone else to take care of it.

  • http://everythingfinanceblog.com Tushar@EverythingFinance

    You shouldn’t be saying words like “hate” around that cute baby’s photo :) Simplifying the process as much as possible is key.

    • http://youngadultfinances.com LaTisha Styles

      Isn’t that baby adorable!? :)

  • http://www.savvyscot.com Savvy Scot

    The Second Point is paramount – KEEP IT SIMPLE :D – agreed!

  • http://barbarafriedbergpersonalfinance.com Barb Friedberg

    Tisha, I love finance, and teach it to university students. ….. Yet, I understand it’s not that exciting to many. In fact my own family wants nothing to do with finance talk. Luckily I like theatre, art, television, decorating, current events and lots of other stuff :)

  • http://streetsmartfinance.org Shilpan

    Money indeed is a taboo subject — one that we avoid talking. Irony is that no one can live without it either. It’s a love hate relationship. :)

  • http://freedom48.net/ Julie @ Freedom 48

    I totally agree in the “invest in what you love” part (and invest in what you know). Don’t follow other people’s hot investment tips if it’s totally foreign waters for you. Stick with you know, and make independent decisions for yourself.

  • “Tom”

    I absolutely agree. While going for any investment or finance related issues, talk to yourself than others. Try to get least influenced by what others say. Because at the end of the day it’s you who’s going to invest or deal with the pros and cons. So i would rather say that invest into the business that energies you the most and something that you find most suitable for yourself.