When investing, you just need to remember and stick to these three things: diversification, risk management and long term outlook. These three should always come together as part of your investment strategy towards your goal of becoming a millionaire.
Always diversify and don’t put your money in a single company or industry. Spread them across different types of investment with varying risk levels that you can handle and always invest based on long term plan. Once you have this strategy and mindset put in place, then it should be just a matter of being patient and staying consistent with it.
Let time and the power of compounding grow your investment and don’t stress your self trying to become a millionaire in a short period of time. There is no need to experiment and take unnecessary risks just to make it quicker or exciting. If you want to have fun, just find a low cost hobby that does not involve risking your journey towards becoming financially successful. Time will continue to move forward and it is best spent in experiencing and enjoying life while making sure that you are not deviating away from your goal.