It wasn’t until I turned 30 that I realized my life could have been completely different and this article would probably have been my success story if I had known one basic thing which I’d share with you today. If you lie before this age, then this article is a must read for you.
Most of the people are living in a society where nobody teaches you about money. They teach you about mathematics, geography, literature in school but they never talk about how money works. Besides, they are of the view that putting aside a sum of money every month for savings would be sufficient for retirement. Well, this is a grave mistake!
In fact your savings are eroding every month due to inflation. What I learnt was it is important to start your financial education as early as possible. Knowing how to make your money work for you is important to grow your savings in the long term. One method you can do that is by investing. Every person is somewhat capable of making an investment. Keeping in mind that it is a slow process, you just need to have patience to bear good fruit in the long run.
2 Things I learnt from my years of investing include
- Anyone is capable of investing
- You do not need a huge amount of capital to invest
What reality taught me is if I had made investing a priority I’d have literally multiplied my money to an unbelievable extent. How? Let’s suppose if you save a little money and invest it in stocks, then you can gradually increase the number of stocks purchased every month.
This has two pros. One- no matter how busy you are, investing will pique your interest and you’d want to learn more about it. Don’t forget an enthusiastic investor is more likely to make the most of his money. Two- with the passage of time, you will stop over spending and will be eager to save more money to add more stocks to your portfolio.
Some of the world economies make it really a golden opportunity for you to invest for them being so strong and resourceful. Singapore has expanded so much in the fields of technology, finance and electronics. This country has for sure maintained a significant position in attracting the foreign investors throughout the world.
You shouldn’t waste your life and money by not investing it. With proper financial education, you should have no problems choosing the right stocks to invest in. So hurry down to the nearest bookstore and grab a copy of a book on investing right away!