Have you ever heard anyone say that accountants are boring? I have, and I would bet you probably have too. I think it is because there is a long-time stigma surrounding investing that it’s boring. In fact, according to Time.com, being a boring investor can make you rich. But I think there are at least 5 ways to make investing fun that can still make you rich.
1. Use Technology
One of the other things the article says it to automate your investing as much as possible. That is definitely one thing I think can be helpful, save you time, and make investing fun. For example, who these days isn’t attached to their cell phone almost constantly? Everywhere you look people have their cell phones in their hands and they are constantly tapping away sending texts or viewing social media. It’s become a part of everyone’s regular daytime routine to check their phone for messages or missed phone calls. But it can be used for investing too.
Through the internet you can track your portfolio from wherever you are by using your phone or other technology. One way to do this easily is to use a robe-advisor, like Motif, to make it both simple and fun. You can keep an eye on your investments and check on them at just about any time making it easier to invest than ever before. In addition, it is fun because you can do it from your phone and discuss different investing options and advice through social media.
2. Set goals
Another way you can make investing fun is to set goals for yourself. Ask yourself why you want to invest? Is it so you can travel in retirement, or is it to pay for a college education for your children or grandchildren in the future? Decide what your investment goals are and then watch how fun it is to see your money grow and bring you closer to your goals every day.
3. Invest in What You Like
Investing in what you like and what holds a fascination for you can add to the fun factor. If you are interested in technology, add this type of investing to your portfolio. Or, if you like to travel, find a good travel company that is doing well and invest in it. Do some research into what you like and then make an investment in what you know and feel has potential for growth. In addition, if you are trying to teach a child or young person about investing, this is a good way to get them involved and hold their attention.
4. Make it a Game
Even if you don’t want to discuss investing over social media you can set up rewards for yourself when things are going well. Let’s say your investments have hit a certain mark you were aiming for initially. Give yourself a small reward for attaining that first goal. Or, you could give yourself a small bonus simply for investing a certain dollar amount in a year. The point is, turn investing into a game for yourself and make it fun. Celebrate your successes.
5. Review Accounts
Whatever you choose to invest in, don’t forget to review your investments from time to time. This allows you the opportunity to make changes as they are needed, which can also be kind of fun. For instance, maybe you have always wanted to invest in Disneyland or some other amusement park. Or, if your passion lies more toward the silver screen, invest in the movie industry. Find something fun to invest in that you feel will offer you to grow your money toward your future goals. Or, rather than investing in something new, just rebalance your investments every couple of months.
Investing doesn’t have to be boring, as you can see. Use one or all of the 5 ways to make investing fun and eliminate the stigma that has been attached to investing for far too long.
How else would you make investing fun?
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Kayla is a personal finance blogger in her mid-20s who loves to write about money topics of all kinds.
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