Have you often thought about how to make more money without working 10 million jobs but don't know where to start?

Kevin Hart looking confused at a sports event.

That was me 3 years ago too! I started like a lost puppy, failed massively, and lost money rather than making it...

Here's how I learned to bounce back and make $10K through investing.

Don'ts

Don't Quick Search

Are you thinking of Googling: "Top 10 investments to make money"?

  • Google lists out everything to buy, but the results aren't reliable.

  • Investing in a company or industry in the stock market that you don't understand is a big mistake.

A security camera moving. Th text says,

Avoid FOMO

I had a friend named Jeff who bragged about how he made thousands of dollars from buying penny stocks that he said I should buy now.

  • I felt FOMO (feeling of missing out)

    bought Jeff's stock, and lost thousands of dollars the next day.

  • Guess what? That stock never went up again and I even lost more money!

A man i a warehouse saying,

Do's

Now start investing the right way!

Person looking at an investment chart on their phone Photo by Wance Paleri on Unsplash

Start with What You Like

Do you like brands like Apple, Google, Lululemon, Honda, Disney, Netflix, or Porsche?

Figuring out what brands you like is a good start to interest you in researching their business model and investing in these companies.

A woman pointing at purses in store and saying,

Learn Financial Lingo

Become familiar with the following terms:

  • Investing

  • Stocks

  • ETFs

  • Bonds

  • Dividends

  • Mutual funds

Investopedia is a great site where you can search for definitions of these terms.

Eugene Levy from Schitt's Creek looks at paperwork and is confused. He says,

Dave Chappelle wearing a jeweled crown and hugging cash.

Use Your Emotional Intelligence

Determine what you're comfortable losing. Is it $1, $10, $100, $1,000?

You will lose money. It's part of the investing game, but you will also gain more if you make the right moves and do your research.

When you self-reflect and understand what you feel comfortable losing from time to time, the emotional game of investing will be easier.

Quiz

Jeff shared with you that he invested $1000 on a new stock that he believes will gain him 50% profit. He says you should invest in the stock. What should you do?S Select all that apply:

Trust the Process

Two campers hiding under trees. Text says, 'Now we play the waiting game.'

Money won't appear overnight. Investing is a long-term game with riches that will be presented to you later.

Woman grooving to music at concert. Text says, 'Nothing compares 2U.'

Don't compare yourself to others who have been investing for years. They're successful because they focus on the journey and continue to do their research. It's never too late, you just need to start.

David Schimmer (Ross from TV show Friends) saying,

It's okay to make mistakes. Make sure you learn from those mistakes and don't make the same mistake twice.

Man with serious face putting on sunglasses. Text says,

Warning! Be vigilant about investment frauds or get-rich-quick schemes that claim to help you earn money quickly. Trust your gut whenever you don't feel it is the right move for you and continue to do your research first.

Take Action

An man says,

It is so easy to invest, but the hardest part is starting. To get started:

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