Be Sexy & 4 More Reasons You Should Understand Your Investments

understand investmentsThere are many reasons why it is in your best interest to understand your investments.

Here is a quick look at my top five reasons:

5.  It is Sexy!  Yes I said sexy, hear me out.  When you understand a complex topic you are more confident.  Confidence adds to your sexy status – big time!  So learn more, increase your confidence and be sexier.

4.  Be the life of the party.  When you can join into many conversations and have an intelligent comment then more people will want to talk with you Money and investing news are big topics at parties, so learn more about your money and you will have more interesting things to say.  Making you the life of the party!

3. Only you are looking out for your best interests.  On to the more serious side!  We would love to think that our advisors, friends and family are looking out for our good. Unfortunately that is not always the case.

There are many ways your well meaning helpers may not be helping:

  • Family and friends trying to unconsciously keep you where you are. They like the status quo and may unknowingly try and keep you there.  If you change then it messes with their emotional stuff that they don’t want to change.
  • They have no clue what they are talking about.  We tend to think everyone knows more than us. They might be using the right vocabulary – but that does not mean they understand it.  The more you know the more you will know if they really know their stuff or not!
  • While people want to help you they may not be completely focused on understanding your situation exactly.  Unless you are paying them, they may be half listening. Too focused on thinking of all the other things that they have to do. Heck, sometimes even the ones you are paying are thinking about something else!
  • Not all advisors are out to help you. Some are true salesman. More interested in getting you into a product that makes them commission. Only by understanding money will you know if you are getting taken advantage of.

Remember only you can look after your best interests.

2. It’s your moneyOnly you can take full responsibility for it.  Even if you delegate everything you still need to be able to understand where your money is invested. Why that is good for you and when you may need to pull it from an investment.  If your advisor loses your money it is still your responsibility. If you did not understand what he or she was doing.  You cannot delegate responsibility If they were doing something that was wrong for your portfolio and you did not say stop – you are responsible.

1. When your money is healthy you can change the worldMoney can get in the way of you achieving your dreams.  It is stressful and draining if it is not cared for.  When your money is healthy and you don’t have financial stress you can focus on your passions. Making this world a better place.

So go on, learn about your money and change the world, be the life of the party and be sexy!  It is up to you!

Robin Applegarth says October 26, 2012

Good points! Ha ha, I never thought about the reasons #5 and #4. Knowing about your investments does make women more confident and have interesting points of view.

    Andrea says October 26, 2012

    @Robin – see just a couple more reasons money helps every part of your life! 🙂

Pfdeals says May 21, 2013

I think #5 is interesting, I never thought being smart about personal finance would make you sexier but you have a point!

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