The first investment i made was $15 in 2008. Since then i experimented Investment quite a lot. From Internet penny auction to Premium Domain, Stock market to Real estate : I literally tried a lot.
Most of the investment i did from 2008 to 2015 saw little or no success. These were small investments(i could not afford big). I did not know what i was doing, taking blind shot at anything shiny. I am happy those didnt pay off. Best lessons are always hard lessons. Today i am so so thankful to myself that i took those blind chances and didnt get desired results. I lost money, i didnt fail.
There are tons of ways to make mistakes in investment. And very few ways to make it right. So its easier to learn and talk about the right ways. Wrong ways are too many to discuss. My wrongdoings in investment would take 200 pages probably.
Based on my experience the most important resources we have : 1. Time 2. Skill 3. Money
What i see a lot (90%)of people do is: they only count money as investment and forget about other 2. But the irony is you can invest without Money, cannot invest without time and skill. So Time and Skill are 2 "must have" resource for investment and "Money" is an auxiliary.
Just for an example: If someone has skill of doing some work and ready to spend time, he/she can produce money and then spend that money towards leveraging more time and skill. Money itself cannot leverage. We take money as the powerful tool but without other 2 money is just a pile of paper.
Then again, money is powerful. The compounding effect of money coupled with right resource allocation can be really powerful.
The only experience i can share here: If you dont have a lot of money, never worry. You still can work it out with your skill and time. And if you want to be an investor, its a must to have skills and will of putting enough time into it. Money can come from any pocket, but time and skill must come from self.
I am still learning by making mistakes again and again. And now i started loving the failure game a lot, i really do.
Thanks for all the comments and upvotes i get from awesome crowd in steemit.
Lots of LOVE.