Life is moving faster than expected, if you don't invest, you are missing out in opportunities to increase your financial worth.
Investment is a measure taken to allocate money in future expectation of financial returns. It can also be seen as the process of purchasing assets or items in hope of generating income for future purposes.
As you work or do business, have a plan to invest. The act of investment enables your money to work for you conveniently.
THE NEED FOR INVESTMENT
FOR RETIREMENT PURPOSES:
To ensure a comfortable retirement, you need to have an investment plan before time. There are several things to invest on, such as stocks, crypto currency, bonds, mutual funds, real estate, businesses etc. It is never too late to become an investor. Having an investment will give you an advantage of growing wealth and enjoying the lifestyle others cannot afford at retirement.
TO REACH YOUR FINANCIAL GOALS:
Investment will help you to reach your financial goals faster via the returns on investment earned. Most times you set financial goals far bigger than your income/savings, but with the aid of returns on investment, you will have more to attain your financial goals.
PUTTING YOUR MONEY TO WORK:
When you invest, you are sending your money on an errand to work on your behalf. It allows you to turn the tide by making your money work for you. Investment eases off some financial stress off your shoulder.
THINGS TO KNOW BEFORE EMBARKING ON INVESTMENT
UNDERSTAND THE MARKET AND HOW IT WORKS:
Before embarking on the journey of investment, make researches and understand the market generally. Investing comprises of a whole lot of things, ranging from knowledge of the market, financial and qualitative factors. Try to be vast in the general market you want to invest in; don't just throw your money into the oceans.
A successful investor is one who is open minded and ready to learn. Predicting the market can sometimes be difficult; that you failed previously doesn't mean you should stop there. Instead of dwelling in the past, learn from your mistakes and move forward.
HAVE A LONG TERM GOAL:
Understand that investment is not a get rich quick scheme. Your chances of success increases if you are into it for the long run. Have a goal and stay focused. Investment is a journey, as you travel on this part patiently and rightly, you will hit it big some day.
Whatever your profession is; as you work and save, endeavour to invest. You will be glad you did on the long run.
Thanks for reading through my piece of article.
Much love from @talktofaith...