Investing isn't for everyone. It's been said that things like fame and fortune can weigh on the soul, and that money can't buy you happiness. Investing is the most common way for ordinary people to grow extraordinarily wealthy, if they know how to invest wisely and make the right decisions at the right times. But you need to consider the all-important question: do you want to be rich and live a glamorous lifestyle?
Here are seven reasons why investing may be a bad idea for you.
1. Investing can increase disposable income
If you find yourself succeeding with your investments thanks to the financial knowledge you acquire through training and experience, you will be in a position where you have more money than you actually require to pay your bills. This could leave you in the unenviable position of having to find ways to spend all that extra cash, such as going on holidays to luxurious locations and buying extravagant things you don't really need to have.
2. You may accumulate enough money to leave for future generations
If you've been succeeding at making money online, and you have children, the chances are that they're going to want to share in the money you have accumulated. So, after all the time and energy you put into making your fortune, your children and grandchildren will merely inherit it without having to do any work at all. This isn't fair on you and is precisely the kind of thing that spawned the Paris Hiltons and Kim Kardashians of the world - hardly a future you would want for your children.
3. Major riches will attract attention from the media and the public
If you look at supremely successful investors like Warren Buffet, you'll see that everyone wants to pick their brains for some tips on how to succeed. You could end up gaining ridiculous fame, with people recognising you wherever you go. You would have to travel on pesky private jets to avoid the crowds of fans and miss out on experiences like the crying child behind you on a commercial flight kicking your seat interminably.
4. The rich and famous may want to meet you
If you reach a high level of affluence through trading, it's likely you'll start finding your way into some of the VIP-only events where the other rich, famous people go. Spending time with the beautiful men and women of Hollywood would be a real drag, and you certainly wouldn't want to be invited to glamorous events like the Oscars or the Grammys. Wealth tends to draw these kinds of things to you, so you might want to think twice before embarking on a career in trading.
5. People will be jealous of you
Not all of us likes to be the centre of attention. There will be people who want what you want and people who say you don't deserve it - haters. Being the person everyone else wants to be really isn't for everyone, and the riches you could acquire through investing could put you right in the spotlight of the wealthy wannabes.
6. You will be able to share your riches with friends
Got a friend who wants to start a business but can't get together the start-up cash? Maybe a BFF whose mother has been diagnosed with an illness and they can't afford the best treatment for her. Well, guess what - these people are going to be coming to your door looking for some of your money. And we don't want to share our hard-earned cash with a friend in need, do we?
7. You will have more free time
The 9-5 keeps you occupied; without it, your life is pretty much empty. Hobbies have their place, as does relaxation, but you don't want to invest your time into things you are passionate about when you could be grinding to make money for someone else! Take our advice and stick to the daily grind, because getting rich through investing is only going to leave you with too much time on your hands.
Basically, by learning to succeed in investing and trading you increase your chances of becoming part of the rich few, and there are too many headaches that come with that. You want to spend your life grinding hard all day, every day to pay off that mortgage while you steal the odd moments to pursue hobbies, socialise and spend time with your partner. Wealth isn't for everyone, so making money online from the comfort of your own home is full of pitfalls.
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