Investing – How to Stop Planning and Start Doing

January 4, 2021

November 12, 2021

Hope is not a viable investment strategy. While the obvious sidekick to hope is a plan, that can also leave you short of the mark without the third piece of the puzzle — commitment. You can have the best-laid plans to reach your financial goals and dreams, but without commitment, you’ll find yourself spinning your wheels.

If that’s where you feel like you are today, it’s okay. It’s normal. Committing to a new financial strategy that postpones reward until later is challenging, but with the right tips and direction you can transform those plans into a strategy you practice like a pro. 

Turn Your Plan into a Commitment

Find the right investment tool… and use it!

There’s no reason to go it alone. We live in an age where technology is designed to help us become more efficient and empower us to effectively accomplish our goals. When it comes to investing in your future, you have a lot of options that can simplify the process and make sticking to a plan a lot simpler.

With the Beanstox investment app, you can set up automatic deposits to start sticking to your plan. Additionally, the interactive dashboard allows you to see the progress you’ve made toward your goals, which can give you the motivation you need to press on confidently.

Dedicate a specific amount and stick to it

“I’ll throw in a few bucks here and there when I can.” While this commonly uttered phrase means well, it also usually means you’re not going to get very far with your investment plans. Choose an amount you are comfortable with and capable of regularly investing and stick to it. If you need to start with a smaller amount to build the habit, that’s okay.

Read some books

Sometimes you need to look a little deeper when it comes to changing how you approach commitment. If you feel like you need a little extra help, there are plenty of books out there about committing to investing and commitment in general. Some popular books on the subject include Sidetracked by Diana Harmon Asher, and James Clear’s book, Atomic Habits.

Set a reminder in your calendar to invest $100 every week

Beanstox simplifies your investing routine through consistency and automation. While you’re welcome to invest as much as you can afford, Beanstox Chairman and co-owner Kevin O’Leary advocates trying to invest at least $100 every week. But what happens if you can’t remember to do that? You can set a reminder on your calendar, or the Beanstox app allows you to set up automatic deposits to your investment account.

What happens if you don’t know where to invest the money? Beanstox handles this for you as well. It really is the perfect marriage of convenience and technology to help you commit to the process.

Use friends and family as resources

The most important thing to keep in mind is that you don’t have to go it alone, and technology is a fantastic partner to keep you accountable and on track. Your family and friends can also be valuable resources, so if you know someone who has good financial habits or is great at sticking to commitments, ask for help. Ask them for tips and to hold you accountable.

Your Next Step

You’ve got what you need to start and stick to your financial journey. If you’re looking for a next step, we’d highly encourage you to check out Beanstox and discover how seriously simple investing can be. 

Ready to take the next step toward achieving your financial goals? Let’s do this. Try Beanstox and get started with as little as $100!

Related Articles

7 Tips for Saving Through the Holidays

7 Tips for Saving Through the Holidays

No matter how you celebrate, the holidays are a time for gathering with family, reflecting on all the things we have to be grateful for, and shelling out money on a mountain of gifts.

What Makes Beanstox Different?

What Makes Beanstox Different?

What makes Beanstox different is how we invest for our clients. The Beanstox app provides personalized portfolios with ETFs that may hold hundreds of stocks and bonds with an emphasis on U.S. stocks, dividends, growth, and technology.

Learn     News     Help Center

Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox.

Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and risk tolerance levels and Beanstox’s charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations or solicitations to hold, buy or sell any investment or security of any kind. Beanstox’s internet-based advisory services are designed to assist clients in achieving investment goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2A and Part 3 CRS and other disclosures.

All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future results. Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2022 Beanstox Inc.