Why should I invest

Why should I invest

Why should you invest? The answer is very simple: to create wealth. Obviously everyone of us want to become rich. Your savings can be comfortable with low risk but that won’t make you rich. You can’t beat inflation through savings. Saving is nothing but securing your money with minimal growth. Investment is making your money grow that create wealth. Both saving and investing is equally important.

Savings vs Investment

Where should I invest

There are so many types of investment. You should choose which one suits you.

• Realestate
• Stockmarket
• Gold
• Bonds
• Mutual funds
• ETF- Exchange Traded funds

When I should start invest

Start your investments as early as possible that makes you to create more wealth. This is because more time increase the chances of  compounding that will multiply your wealth beyond your imagination over a long period of time . Waiting so long for fool proof investment plan is not a great idea. Choose the investment type that suits you and start to invest.

How much money I need to start investment

If you are a beginner,You don’t need a lot of money to start. You can start with 500 bucks add more money when you get confidence. Always have fund for emergency. More you learn more confidence you gain.

How to be successful in investing

•  Always willing to learn.
• Create your own plan
• Stick to your plan.
• Don't panic.
• Know about the company you invest in.
• Diversify your investment.
• Always look for long term

Final words

The possibility of  becoming rich or financially independent is same for everyone.You can achieve if you are willing to learn. Saving and investing money are equally important but the secret is selecting right thing at a right time. Always have emergency fund. If you continuosly learn and invest, I m sure you will be rich one day.

All the best.Happy investing.