How to Become an Investor Instead of a Consumer - Deepstash
Learning A Foreign Language

Learn more about moneyandinvestments with this collection

How to practice effectively

The importance of consistency

How to immerse yourself in the language

Learning A Foreign Language

Discover 40 similar ideas in

It takes just

5 mins to read

From consumer to investor

From consumer to investor

A consumer spends money and follows trends while an investor puts capital to work and takes advantage of trends.

Chronic consumers often go broke, and persistent investors often get rich.

1.11K

8.47K reads

Discover if you’re a consumer

  • You feel the need to reward yourself after a hard day of work by buying new clothes/accessories or eating out.
  • Lifestyle creep controls your expenses. When your income increases, you buy a new car or a more expensive house.
  • You reserve your credit card for unexpected expenses instead of using an emergency fund.
  • You rationalize using a credit card to buy things you might not purchase with a debit card.
  • When something is on sale, you feel the urge to buy it, even if you wouldn't have otherwise bought it.
  • You follow social trends.
  • You don't think you have money to invest or the time for it.

1.11K

5.6K reads

The chronic consumer

Consumers will remain consumers, even if their income increases.

  • Negative spending habits can destroy your financial life, and disrupt your mental health and relationships.
  • Credit card debt can put stress on the quality of your life an contribute to unhappiness.

989

5.24K reads

Forming the habits of an investor

Investors put their money to work. They know that the money they set aside today sets them up for financial freedom.

  • An investor puts any excess money towards investments that will earn more capital.
  • They value learning new skills and think of ways to use it to earn more money.
  • When their income increases, they invest the difference.
  • They don't use a credit card and have an emergency fund built up to cover at least six months worth of unexpected expenses.
  • They don't follow trends but identify trends that will last, then find ways to use them by investing through the stock market or a startup.
  • Their focus is on Return on Investment (ROI) to direct their decisions.
  • They understand how to use compound interest to build long-term wealth.

1.22K

4.41K reads

The "Opportunity Cost" mindset

Opportunity cost is the loss of potential gain from other choices when one alternative is chosen.

Every time you decide to buy something, you choose to lose out on investing that money. If you buy a brand new car you don't need for $30,000, you're missing out on the opportunity to invest that money into the stock market and lose out on compound interest. This means that you should not buy on impulse, but think of your money in terms of future value.

1.08K

4K reads

How to switch from consumer to investor

Individuals who have bad habits ingrained in them will take more effort and self-discipline to make the change. Know that you are able to make a switch. It's okay to take baby steps and work your way to becoming an investor.

  • Invest in yourself.
  • Start tracking your expenses.
  • Identify and improve your spending weaknesses.
  • Get all bad debt out of your life.
  • Automate your savings and invest your excess income.

1.15K

3.83K reads

Invest in yourself

Investing in yourself is one of the best investments you can make. Marketable skills make you valuable.

Listen to content about investing, side hustles, and entrepreneurship that will inspire you. Keep a notebook and write down information that stands out to you.

1.11K

4.62K reads

Warren Buffett

"Do not save what is left after spending; instead spend what is left after saving."

WARREN BUFFETT

1.55K

7.91K reads

CURATED BY

summers_wdd

"Money does not guarantee success." ~ Jose Mourinho

stash-superman-illustration

Explore the World’s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Personalized recommendations

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates