When I am earning well, I am able to meet my expenses and have ready access to debt in case I need the extra – WHY SHOULD I INVEST. This could be an argument of many people, especially when it comes to taking risk with their money. But before we answer this one, let us first understand what is investment.
Let’s put it very simply, investing is putting your money to work for you. In fact it’s a very different way to think about how to make money. In our lives we are generally taught to fetch a job or set up some business to make our ends meet. And so that’s what most of us do. But there’s a limit to how much we can work and how much money we make out of it. Going by the escalating inflation rate, things certainly do not look easy. And besides we should not forget the fact that having a bunch of money is no fun unless we have the leisure time to enjoy it.
So, since you cannot create a duplicate of yourself to increase your working time, you need to send an extension of yourself – i.e. your money to work on your behalf. That way, while you are putting in hours for your employer, sleeping, reading the paper, or socializing with friends, you can also be earning money elsewhere. Quite simply, making your money work for you maximizes your earning potential whether or not you receive a promotion or increment in your salary, decide to work overtime, or look for a higher-paying job.
We also ought to realize that the only thing permanent in life is change. Everything else is temporary. Everyone wants a better lifestyle. We have dreams and aspirations to fulfill and just one life to achieve all this. Today we have a good job, a fat paycheck, but what if things take a downturn? Or if there is an eventuality?
It is thus important that we plan our investments to make our money work harder for us, so that we can achieve our dreams and meet our financial goals, beat inflation, be prepared for any situation in life and also have enough funds to have a good life even after retirement.
For an average person, investing is the only way they can retire and yet maintain their present standard of living. By planning well in advance you can ensure financial stability of your retirement.
To get help of an expert to set up your investment plan – SMS <Arihant> to 56677