Today the question of investing becomes important to a wide number of people. The cost of living becomes higher and one should remember that in fact it doesn’t matter how much money one can earn. It is important how much money you can save… and invest! If the matter of saving is obvious, we would like to explain here, why investing is as much important.
Idea # 1. Beat Inflation
Inflation is different in each specific sector, but still if you save your money by simply keeping them in the bank without any invest program, you will definitely lose your money. Because of inflation. The prices are growing much faster that our standard income (especially if you have only one source such as salary). Investing will help you to raise your profit and at least beat the minimum inflation level.
Idea # 2. Smart approach
When you have earned your first money for some investment, you start checking all possible information about different investment options and programs. Generally speaking, you become financially smarter. Now you can feel how money can make money. After making your first investment, keep a record of profit and success.
Idea # 3. Financial Freedom
Investing helps you to gain certain freedom from your work. Your money is working autonomously, you just need to manage different strategies and coordinate them. Investing is very individual thing, some might start with $100 and step by step reach significant amounts investing in crypto marker, while others prefer long-term investments, like working with real estate. In any case, being smart one can reach real financial freedom and gain stable future.
Idea # 4. Increase money
That’s pretty obvious idea, but some people tend to focus only on it and forget about everything else. Investing has its strategies and programs, so one should clearly understand how much money can be invested and in what project. Usually it is correct to invest 5-10% of income. Depending on the amount of money, you can choose short-term strategy with high income or long-term strategy with lower income, but high security level.
Idea # 5. Donate
Some people find it important to help others, who has worse life conditions, some medical problems, or need any sort of help. When you take part in such programs, you feel yourself connected to all human beings.
Start your investment future right now, turning from a simple citizen into investor. Some people invest in startups, others in cryptocurrencies or high IT technologies, like Artificial Intelligence, Machine Learning or Deep Learning. The question is this: What type of investor are you? What is your choice in this never-ending money story?
Editor of IMD News