What is investing?
Investing is putting your money into assets that will later accrue, it’s almost zero chance you would build wealth if you do not invest.
Consider someone having his/her money lie idle (under the blanket saving) with the idea to reach a certain amount to be used for purchasing land or paying school fees, the money will lose its purchasing power because of ‘Inflation’ - the rate of increase in prices over a given period of time
Here are 3 reasons why you need to think about investing:
1. Make money work for you.
Money will always outwork you. It is a tool that works 24/7. Whether it is a stock, a money market account, or real estate, you need to make money work for you.
2. Obtain Financial Freedom and independence.
Investing is the path to building wealth and getting the freedom to live life as you wish. When you accumulate wealth, you may be able to pursue the lifestyle you desire.Investing gives options and choices.
3. Pass on a Legacy – create wealth to be used by your generations.
Investing and creating a well explained allocation of your wealth helps you protect your future offspring and help shape their destiny
Stay ahead of the inflation.
A good investment will return a rate higher the inflation factor hence helps you maintain the purchasing power The assets you pass to your heirs will have a profound impact on them.
Quote of the day
“When you invest, you are buying a day that you don’t have to work.”— Aya Laraya