Many times we hear phrases like “I’m too young to invest” or “investing is for millionaires” but nothing is further from the reality. Investing is a smart way to build a sustainable future and the time to start is now.

Investing can be an intimidating word. With a lot of processes that it includes, it is quite easy to create excuses not to invest and therefore here we dismantle 5 of them.

1. Investing is for people with high purchasing power

Fake. There are numerous types of investments for all types of capital and your financial advisor is in the right position to explain each type of investment, with its benefits or risks, so that you can make a decision with solid knowledge.

2. I already earn enough to live

While meeting our basic needs is vitally important; once they are covered, it comes to preparing for unplanned situations that may affect your family budget or your finances in general.

Now, saving can be on your mind; however, smart investment could progressively increase your savings, increasing your ability to respond to an eventuality and, above all, creating peace of mind and financial security for you and your family.

3. I am too young to invest

This is one of the most common reasons why young people move away from investments and it is a very serious mistake. You are never too young to start planning the future you want to have and work for it. And it’s a smart way to support those causes that get their attention and invest in a socially responsible way.

4. Investing is very risky

Every investment has a risk margin, that’s right. However, hand in hand with your financial advisor can determine the type of investment you may have a lower risk, which will give you the peace of mind you need to start investing. In addition, we live in the information age so you can learn basically about anything using the numerous resources that exist in the virtual world.

5. I don’t know how to start

This could be one of the most common and that’s why we leave it until the end. Starting to invest requires only one thing: your interest. Once your interest in investments awakens, contact a financial institution that will give you the confidence to start investing your capital.

Like these there are many other excuses that we repeat not to invest, but the reality is that they are: excuses. The financial environment has evolved significantly, becoming inclusive for all ages, social status, capitals and ideals. The only thing missing is your first step to begin.

BBVA’s New Gen has highly qualified staff focused on understanding both your needs and your fears. Financial advisors will be responsible for providing as much information as possible to enable them to make the right and intelligent decision.