Stop Making These Excuses for Not Investing

For many people, procrastination is a part of life. We all know the guilty feeling of delaying unpleasant projects at work, waiting until April to do your taxes, or shopping for gifts on Christmas Eve. The feeling is always much worse than if you wouldn’t have avoided the difficult situation for so long. So, this is your wake-up call. Seriously! Stop blowing off saving, investing and growing your money. You risk not just missing your financial goals, but you could be making your life harder at the worst possible time (when you’re old).

As a Financial Advisor, I hear objections to getting invested every day. You need to ignore your inner procrastinator and get your money working harder for you today. Let’s take a look at some common excuses for why people don’t invest.

1. I don’t have enough money to invest

You might not have money because you aren’t budgeting your money correctly. Budgeting is the most important task to start investing as it allows you to visualize the flow of your income. It’s imperative to live within your means and create a balanced budget for yourself. Changing habits that are a hamper to your monthly budget is one of the simplest ways to find money to invest.

2. I will do it later

The longer you wait to start investing, the less money you will have to accumulate and the harder it will be to achieve your goals. Do you dream about not working one day and living the lifestyle you want to during retirement? Then you better start investing... Because the longer you wait, the more expensive it becomes! Investing $3,000 a year from 25 to 35 will generate more than investing $3,000 a year from age 35 to 60. You can thank the 8th wonder of the world for this, compounding interest! Take an hour and get yourself set-up. Do it now, not later.

3. I’m too old and close to retirement - “It’s too late”

Better late than never. It doesn’t matter how close you are to retirement, 5 years or 40 years, any money you start saving and investing will help you achieve your goals. The good news is, if you are close to retirement, there are “catch-up” contributions to help you get back on track.

4. It’s overwhelming, complicated and I don’t know where to begin

From opening your first brokerage account to choosing what investments are best for your situation, investing can be complicated. Luckily there are plenty of resources out there so you don’t have to go at it alone. If you have questions about how to start investing, I can help you design an investment plan to fit your goals and time horizon. We have the resources and knowledge to help you put together a plan and invest appropriately. Whether you have $1,000 or $100,000 it is always important to invest!

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Gerber Kawasaki Wealth & Investment Management is an investment advisor located in California. Gerber Kawasaki Wealth & Investment Management is registered with the Securities and Exchange Commission (SEC). Registration of an investment advisor does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission. Gerber Kawasaki only transacts business in states in which it is properly registered or is excluded or exempted from registration. A copy of Gerber Kawasaki Wealth & Investment Management 's current written disclosure brochure filed with the SEC which discusses, among other things, Gerber Kawasaki Wealth & Investment Management's business practices, services and fees, is available through the SEC's website at: IAPD - Investment Adviser Public Disclosure - Homepage .

Mike Baker is a Financial Advisor of Santa Monica, California-based Gerber Kawasaki Inc., an SEC-registered investment firm with approximately ~$2.3B billion in assets under management as of 09/30/23. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which course of action may be appropriate for you, consult your financial advisor. No strategy assures success or protects against loss. Readers shouldn't buy any investment without doing their research to determine if the investments are suitable for their situation. “All investments involve risk and one should consult a financial advisor before making any investments. Past performance is not indicative of future results."