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So you’re interested in becoming a successful investor? Nice! I like you, so I’m going to be real with you. The most profitable investment might not be what you expect but hear me out. This tip will earn you more money over the course of your future than any other investing strategy you learn. So, are you ready? Here it is…

The most profitable investment you’ll ever make is…

IN YOURSELF

BOOM. Mind blown?! NO?

Well think about it, the person who is going to make all of your great future investment decisions is YOU. You must first prepare yourself the best you can, so you know which strategies will best work for you and how to best mitigate your risk along the way. The knowledge you dive into now will give you the confidence you need to get started and make great decisions later.

You don’t always have to invest your money…

More important than money, you need to invest your time into yourself. Becoming a master of anything takes a significant amount of time. There are tonnes of great, free investment  resources you can find online, on a variety of different platforms. Here’s 3 I like from each platform:

Youtube:

• Financial Education– Jeremy is a very knowledgeable investor and has a great way of making investment concepts easy to understand.
• Economics Explained– Giving interesting videos on how different economies work. Knowledge of this can really help your investing along in all fields.
• Killik and co– This channel gives some great stock market investing advice and sometimes some UK specific knowledge.

*You may also like to check out the Money Your Concern Youtube channel. Videos will be posted from early May 2020 and I intend to upload investing videos at least once a week.

Websites:

• The Motley Fool– Here there are some great investing articles on specific stocks. I often find different stock ideas to look into.
• Yahoo Finance– Once you are knowledgeable enough, this website shows you all of the main details you need to know about individual stocks you may be interested in researching.
• Money Your Concern– I like this one, it really speaks to me… I post new content every day from investment strategies to tips to making money online.

Podcasts:

• Bigger Pockets– If you are interested in property investing, this is by far the best podcast to listen to.
• Property geek– For UK property investors, this is a good one to gain some UK specific knowledge.
• FT money podcast– Here you’ll find some great UK specific investing and financial information.

These are just 3 from each that I regularly use. You can browse around to explore many different styles of investing. There’s something for everyone out there.

To Become An Expert:

Free content is brilliant to get a general knowledge of investing methods. Once you find a strategy that may be for you then diving into books and courses on the subject is a great idea. The more refined knowledge will give you what you need to know in order to become a successful investor in that certain field. Here on Money Your Concern we have a further learning section where you can check out my favourite and best recommendations of content you can check out to further your knowledge in investing.

If you want to become successful at something, you must spend a considerable amount of time learning first. Once you begin your journey, you should look to be learning even more still. 

Thanks for reading. If you agree with what I believe to be the most profitable investment, let me know in the comments section below.

I hope you found this post thought provoking and useful. If you are interested to gain some extra investing knowledge, you may like to check out the Investing section of the Money Your Concern website. You may also like to follow my online financial journey as I aim to make at least £1 a day online, no excuses. If so, click here.

Best wishes for your financial future.

Harry