We often hear or read about the importance of investing.

Furthermore, even financial

experts advise that saving is pointless if you do not intend to invest some of your money
in order to expand your wealth.

"We invest less if we save little." And when we do, we do so with a lot of preconceptions
that don't help us make smart judgments. Here are some of the investment
misconceptions that might deter us:

1. "Investing is extremely risky" :

An investment is something that will almost certainly repay your money plus a profit.
Anything outside of this criterion, according to the Citibanamex specialist, is guesswork.

It depends on what you invest in, because there are techniques and instruments that
may assist control risk, but there is also a risk of not investing because money is losing
value, as Sofa Macias said. "The bad news is that whatever you undertake is fraught
with danger. The risk is reduced if you select something that is appropriate for your aims
in a certain time frame."

The most essential thing, according to Reyes Heroles, is to know what you want and
when you want it.

2. "It takes a lot of money to invest"

"You'll require 50 bucks." You must plan ahead, choose your goals, and get started.
There are tools that allow you to start with very little and see how your money
increases," said the author of Living like a Queen, Spending Like a Commoner.

In this regard, Juan Luis Ordaz emphasized that the first step is to establish a goal
before selecting an investing tool, rather than following trends.

"The worst time to invest in anything is when it's in the news a lot because it's
fashionable and you're also buying pricey," Sofa Macas said. "It's time to know a
platform before taking a risk while it's at all-time highs."

3. "I can get rich overnight"

According to the author of Little Capitalist Pig, people often mistakenly believe that
investments provide income while, in reality, they provide long-term wealth. "We feel we
can, we will invest, and we will be able to spend after six months."
Regina, for one, noted that "thinking about compound interest is the notion of investing."
While we do our job, this money needs to work. We need to give this money a purpose.

Ordaz pointed out that the world's biggest millionaires built their fortunes on these three
pillars.

● Money attraction: Occupy your talents in what I am good at and have a good
relationship with money.
● Money management: Knowing how to spend and use what we earn.
● Multiplication of money: That's what investments exist for

4. "You have to be an expert to invest"

"Investing is a talent, but not one that you are born with or learn in school," Macas
added. That is, it is created as a result of financial education classes. "The monk is not
a creature of habit." Yes, you must study, but you can begin with a low-risk approach."

Reyes Heroles stated that when expertise is gained, it is vital to enhance involvement in
investments and to remain in ongoing training. "Consider how much money you're
wasting by not investing."

5. "You always have to invest in a bank"

"What matters here is that you join in institutions that are regulated to safeguard and
respect your money." "If anything seems too good to be true, it generally is," the MIDE
director explained.

Macas, for one, stated that it is vital to be up to date all of the time in order to be aware
of the many platforms that exist, such as Fintech. "Many individuals want to be wealthy,
but they are unwilling to pay the price of spending less, learning less, and practising
less."

"Those who plan ahead of time in money concerns proliferate. "Those who do not
divide," Citibanamex's executive stated.