Well you should be. The sooner better. But, how do you get started?

There is so much to know about investing and truth is it will take a lot of training and guidance in order to get hang of it. With our fast paced and ever changing economy, it will be hard to fit into market with no experience. So sooner you get started better. You can start anywhere, read books, websites, financial publications, magazines, attend courses, seminars etc. but no matter what you do, make sure you start right now!

Investing Basics

Investing refers to accumulation of some kind of asset in hopes of getting a future return from it. There are several different ways you can invest your money. You can invest in a bond, which is exchanging money for a promise of more money in future. You could also invest in an capital investment, which is exchange of money by a business for an addition to their ability to produce. No matter what you decide to invest in, fundamentals are same. You are basically buying risk. more risk you take on, higher price you can sell it for. That's basically what all investing boils down to. As an investor you are really becoming a risk manger.

Investing Tips

Despite people already having significant amounts of debt, credit card companies are still prepared to lend these people money. This is a combination of a creditor not knowing full picture of a persons financial commitments and employees of credit card companies being under pressure to sell credit cards and insurances policies to earn bonuses.

People will receive random telephone calls from companies who will try to sell benefits of their cards and use selling point of lower rates plus option to transfer balance from their current credit card at a lower rate.

Many people who receive these calls may already be in some kind of debt. There possibly will be some who are currently looking for solutions to their debt problems, and temptation of obtaining a new card thereby having more spending power could prove hard to resist.

The Bank of England has every right to be concerned about financial state of this country, but possibly lending system needs to change to make it more difficult to obtain credit.

Lending companies blame debtor, and debtor blames lending companies but who will stand up and make a difference when it comes to huge family debts UK are currently experiencing?

We have already been made aware that borrowing in UK has crashed through 1 Trillion pound barrier, but surely this should provoke concern rather than just being a headline in a newspaper.

The Government are concerned with raising financial awareness, however, what restrictions do lending companies have? We know that a new Bill is currently in motion, which was first mentioned in Queens Speech back in November 2004 and is set to come into effect in mid-2006. This bill will give creditors more rights over debtors rather than placing any restrictions on how creditors lend money.