Investing 101: Taking the NEXT Step

Some of you may have already been toying with the idea of investing. Maybe you’ve been saving up and feel ready to take the leap. Or perhaps you’re just looking for ways to make your money work for you.

One thing to remember is investing isn’t a shortcut to easy, immediate gains. It’s about placing your money where it has the potential to grow over time. The word gets thrown around a lot, but we’re here to break down the essentials so you can make your next step with confidence.

1. Eyes on the prize, but set your goals first.

Much like love, investing starts with knowing what you truly want. Your next steps and your goals should be on the same page, so you can track your progress and make adjustments along the way. 

Are you investing for your dream home? A comfortable retirement? Or simply to build a future that gives you freedom? Whatever your reason, investing is a way to grow what you’ve worked hard for while moving towards your goals. And like any relationship, it helps to know your limits: how much are you willing to put in?

2. Are you in it for the long run?

Patience is key when you want to grow your money steadily. The thing about investments is that it needs your long-term commitment, married with your goals, backed by research, and a clear understanding of risk.

Ask yourself: When do I intend to use the money? And how long am I willing to have my money invested? Some investments perform better over the years, while others offer quicker returns with higher risks. Knowing your time horizon helps you find the right fit.

3.  Don’t bet your everything on just one.

You’ve probably heard the saying, “Don’t put all your eggs in one basket”. It’s a classic line for a reason. When it comes to investing, spreading your risks can make all the difference.

Sure, one vehicle may seem like the best option for more efficient access and management, but relying on a single vehicle makes you vulnerable if things don’t go as planned. A smart investor knows how to diversify. When one area goes down south, you can rest knowing you have other areas to fall back on. 

4. Make sure you’re well-read.

Before fully dipping your toes into investments — make sure to give a hard look at your resources first. Online resources such as The Program are good places to start. It’s one thing to have money to invest, and another to have your emergency fund completed. Should the second one be established, that’s the only time when you should start investing.

Think of it as protecting yourself before making a big commitment. Unexpected expenses may come up, and the last thing you want is to pull out your investment before it has a chance to grow.

5. Experience is the best teacher.

You won’t truly understand investing until you take the plunge. No investment comes with solid guarantees, and only by going through its ups and downs will you gain real knowledge.

The good thing is, you don’t need a fortune or be an expert to get started. For example, beginner-friendly investment options such as BPI Wealth Builder that let you start small while giving your money the potential to grow over time.

At the end of the day, investing isn’t about chasing quick wins. Investing is about making intentional moves that bring you closer to your goals. Whether you’re just starting or looking to level up, the key is to take that first step with confidence. Equip yourself with knowledge, stay patient, and trust the process. Your future self will thank you for it! 

For more expert insights and tips, visit NEXT by BPI Preferred’s The Program.