940: Am I Too Old to Start Investing? - Episode 940
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 20 April 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
We're going to dive into a few main reasons why you might think it's too late to invest, and explore some solutions. I'm also sharing actionable steps for getting started in real estate, no matter your age. Click play to hear why you're never too old to start investing in real estate!
Transcript
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| 0:00.0 | Is it possible to be too old to start investing? Is it ever too late to reap the benefits of buying performing assets? |
| 0:13.0 | Well, the quick answer is no. |
| 0:14.8 | You're never too old to invest, but bear with me here |
| 0:17.1 | because I want to go into some specifics |
| 0:19.2 | behind what this question really means. |
| 0:21.9 | You might be wondering, is it even worth it at my age to get |
| 0:24.7 | started? We'll answer that and more on today's show. I'm Clayton Morris. I'm the |
| 0:28.4 | founder of Morris Invest, long-term real estate investor, and our website at Morris Invest answers so many questions about investing. |
| 0:35.8 | I want you to go check it out. So is this question based on that feeling that there just isn't |
| 0:41.1 | enough time left before retirement to acquire performing assets. |
| 0:45.6 | You might be thinking that you won't be able to pay off your loans in time to benefit from the full |
| 0:50.0 | rental income. |
| 0:51.8 | Or maybe you're simply afraid of investing at a later age due to lack of education, a lack of financial |
| 0:56.0 | education. |
| 0:57.0 | Right? |
| 0:58.0 | After all, most of us weren't taught about financial education in school. |
| 1:00.9 | It's something we've had to learn independently. Maybe someone handed us a book that lit a light bulb. Maybe you stumbled across a YouTube video that finally kick-started you into investing. You didn't even know this existed you've been working the 9 to 5 |
| 1:13.8 | your whole life and wish you'd started earlier. Please don't take offense to |
| 1:18.0 | this idea of lack of education, right? Financial education is rare in our |
| 1:21.9 | country. They don't teach it in schools. |
| 1:23.6 | So there's nothing offensive here about it. If you've been sold the idea of a 401k, |
| 1:28.4 | you know a nest egg, social security benefits, then you're certainly not alone in that, right? |
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