The Key to Financial Freedom
Money plays a significant role in society and creating financial wealth for your future. Making smart investment decisions early in life can pay off big time.
It is never too late to begin investing money to be able to fund your lifestyle and plan for financial hardships, regardless of your age. The benefits of saving and investing early are simply enormous. Having time on your side and investing your hard-earned savings in a clever manner is the classic recipe for financial success.
There is an imperative difference between saving and investing. You should save for short-term goals, but you need to invest for long-term goals. Passbook accounts and money markets are good places to save for short-term needs such as family vacations, a new car or exigencies.
Usually, you won’t earn as much on these types of savings accounts as with some types of investments. All investments involve some degree of risk. If you intend to purchase securities such as stocks, bonds, or mutual funds, it’s important for you to understand the rules and policies before you invest and that you could lose some or all of your money.
Every investor has a list of financial goals, such as saving for a new house, purchasing a new car, or to earn profit and benefits on investment and that is the reason why they invest in the stock market and mutual funds.
Also, the investors expect companies to perform well and earn higher profits so that an investor can take advantage of these profits by expecting a higher return of investments.
Compound interest is a key aspect of investing and with this, you earn interest on the money you save and on the interest that the invested money earns. Over time, even a small amount of savings can add up to a big money that can help you to achieve financial goals.
And so the key to financial freedom is INVESTMENT and there are lots where you can invest your fund from.
If you buy a piece of candy worth P1 every day, it will up to P365 a year. Well, try to put your P365 into an investment that earns 5% a year. I can assure you, it would grow to P465.84 by the end of five years. By the end of 30 years, you would have P1,577.50. That’s the power of “compounding.”
People usually invest in the stock market. Others do not just earn money but to build a healthy and secure financial future. Nonetheless, an investor should also manage his portfolio wisely to support all his goals. He must set realistic financial goals so that he can achieve his targets in the future.
Investment is the key to financial freedom And It’s time to make those important financial decisions that will change your future in a positive light. Take the necessary steps to prepare for your future. Life is an endless path of opportunity and all you need is a little motivation to make your financial dreams a reality.
Start today. It doesn’t matter if you start at the age 21, 31, or 65, just INVEST!
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