Many people, whether by choice or necessity, live at or beyond their means is why a lot of people don't invest.
Okay. So I may have sounded like I was gloating. I apologize for that. Instead of me asking, here's me telling:
- The stock market is your friend. Invest any spare money you have into it and you'll be set.
- If you're afraid to take risks, just choose index funds. Those are a very smart bet.
- If you like to take risks and you have money that you don't necessarily need then put that into riskier stocks (ONLY AFTER COPIOUS AMOUNTS OF RESEARCH HAVE BEEN DONE))
- Obviously it isn't for everyone. If you can't afford it that's fine. I'm saying that if you can go for it. I'm not trying to make anyone feel bad.
- If you can live below your means. I'm fairly lucky in that I live in a place where real estate is inexpensive. I also cook for myself and don't spend money that often aside from bills and the occasional large purchase or food.
For the individual investor most of us invest in index funds not because we're "afraid" of investing in individual stocks but because it's generally not a good idea at all to do so because shit like this happens - http://www.investopedia.com/updates/...andal-summary/. Diversity is your friend.