Part I
Why become an investor?
1
Five reasons investing is better than a
mattress stuffed with cash
In our day‐to‐day jobs, we trade our time for our wage. But there's only 24
hours in a day, eight of which should go to sleep. To have wealth you need
to make money, but to make more money you need to give up more time,
and giving up more time means not being able to enjoy your money. It's a
rat race no‐one wants to be a part of.
This is where passive income comes in. Passive income is the money you
earn without working, but no other passive income stream works the way
investing does. And the best part is that it can work on autopilot.
You don't have to wake up at 6.30 am and sit through rush hour traffic for
investing to work. You don't have to sit through a Zoom meeting that could
have been an email for compound interest (which we’ll get into in a later
chapter) to do its thing. It's the definition of making your money work hard
for you, rather than just working hard for your money. And, unlike time, it's
scalable.
Before we learn how to invest, it's important to know why we should invest
in the first place. It's not even related to having enough income first; my
best friend Sonya Gupthan and I, through our Girls That Invest podcast,
have come across countless successful women with their net worth in the
six‐figure range. They have their bills automated, their insurance covered,
their savings growing and are very well versed in every other aspect of their
financial journey. They're the women who look like they've ‘made it’, and
they rightfully have.
However, for some reason, when it comes to investing, they just haven't
started and they don't know how to begin. It's a phenomenon we seem to
come across no matter where in the world we meet these women.
The majority of us know we should be investing, but no-
one teaches us how or why.
Girls That Invest: Your Guide to Financial Independence through Shares and Stocks by Simran Kaur