Building wealth: 3 simple investment tips (by Warren Ingram, Certified Financial Planner)

Stephen Grootes is joined on The Money Show by Galileo Capital's Warren Ingram.

Listen below:

Investing can feel like learning a foreign language.

Literature on where to put your money is frequently riddled with acronyms, buzzwords, and complex concepts that can overwhelm and exclude everyday investors.

But according to Ingram, it doesn’t have to be this way.

He says simple communication is essential in personal finance and argues that stripping away the jargon can empower people to take charge of their financial futures.

"The people in the financial services industry who are confident and experienced often find ways to make things sound simple."

- Warren Ingram, Certified Financial Planner - Galileo Capital

"But people who are not confident in their ability and do not understand their subject well, they are the ones who spew the jargon most often."

- Warren Ingram, Certified Financial Planner - Galileo Capital

Here are a few of Ingram's tips for keeping things simple while also growing your wealth:

1. Get started!

You have to start somewhere, says Ingram. Too many people are shy to get off the starting block when it comes to investing.

Just start putting a little bit of money away each month - even better, set up a debit order so it happens automatically.

"You cannot be successful in building your wealth unless you just get started, and very few people just take the leap."

- Warren Ingram, Certified Financial Planner - Galileo Capital

2. Let the money grow!

Stay calm and stay invested, pleads Ingram.

Global politics are volatile, and so are the markets, but slow and steady wins the race, he says.

Pulling your money out every time there's a geopolitical bump in the road won't help you.

"Let the markets do their thing - they go up and down like crazy, but the reality is someone who just puts their money in and just lets it grow and grow and grow without pulling it out the whole time - those are the people that are successful."

- Warren Ingram, Certified Financial Planner - Galileo Capital

3. Don't get swept up in investment trends

Trendy investments can attract a lot of hype, but can they deliver lasting value?

Ingram says it's best to avoid following the latest trendy investments (unless you can afford to lose big).

For most, he says, the risk is not worth it.

"Taking your hard-earned money and putting it all into something that's the current flavour of the month is very much like playing Russian Roulette."

- Warren Ingram, Certified Financial Planner - Galileo Capital

Scroll up to the audio player to hear more of Ingram's simple investment tips.

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