With high inflation, we need to take control of our finance and plan for our futures nowadays. Living within one means reduce the danger of debt but is it sufficient to secure your future? Why can we ought to be financially free and have financial control?
We need to invest to build up a source of income, which will continue to grow and be able to provide a secure future for ourselves and presumably our next generation.
The reasons to invest include:
1. Let your money work for you: Learn to save money and invest the rest in order that it grows even when you are sleeping.
2. Cope with inflation: If you have wise investment that surpasses the inflation rate, you have a sound future finances. you have no worries of the costs of dairy expenses.
3. Business owner: Business has to invest, whether small or big small sized business. investing not only grow the capital and expand the business but also teaches one to become a successful businessman.
4. Dependents: money generated from investment will help to pay bills, buy accessories and pay expenses for holidays.
5. Education: Education fee is increasing with inflation. investment in an education plan helps to support someone’s studies.
6. Assurance: By making long term investment, you’ll be assured of enough money if you plan to retire. start investing young and you can have a higher return before you retire.
7. Attaining things you want: The returns from investment can be used to get those things that you dream off, such as cars, houses, etc.
Investment return has got to be a source of money unrelated to our regular wages, but money from income manufacturing assets. we have to invest in income manufacturing assets so they will grow and we can be financially independent.
The investment risk level that you take depends on your needs. If you’re interested to make fast money, you’d be interested in investment that involves high risk. If your plan is for retirement, you’d like something that is safer and can grow over time.
The main objective in investment is to create wealth and security with time. it’s always impossible to earn an income as one will want to retire. Hence, smart investment helps to insure your financial future. the earlier you gain the investment knowledge, the more successful you will be. Longer time in investment means higher return and you’ll be able to retire earlier.