So called rich men today if they were to be interviewed one after the other,u will find out that the secret to their success is investment.
Investment is the act of creating something which will yield profits.
One can decide to invest in many business according to his capital. But today investment shouldn't be According to the capital available,it should be according to how available u are to control the business for it not to fall.
Some managements today who claims to manage businesses well for it owners are no longer capable to doing it,so business owners should be available so as not to run deficit.
In some parts today, people have investment on lands which is known to be the highest level of investment. One may buy land in a rural area for about 200,000, and then live the place for many years to develop, after the place must have developed,he may choose to resell the land he invested in and when he does,it will be of greater benefits to him because he may sell the land at 5 to 8million depending on how many plots it is and how developed the place is.
What a great profit the buyer made??
Someone else too might choose another line of investment which may be business investment that will yield profit for the person.
But before choosing on what to invest on, the person investing has to have a plan and a set goal, he has to rethink on his plan, investigate about the business,ask people who have invested on that particular business before, before he or she takes action.
Investment also needs someone who has a virtue called patience because it takes time to yield to yield profit.
Investors should also choose a type of investment shouldn't cause problem between the investor or some government agencies,to avoid further problems arising.
An investor too should not depend on one type of business,he should invest in atleast 3 to 4 businesses, because of unseen future events.
Illiteracy has made so many people to be ignorant in investment and as such they lavish money as if it was nothing. So I suggest there should be an orientation sponsored by the government on how individuals can engage on personal investment.
Investment is being done for future unseen tragedies which may happen now or later.
It encourages savings and discourages spending.
It encourages hardwork and discourages laziness.
It encourages good name and reputation and discourages bad name and reputation.
It encourages literacy and discourages illiteracy.
There are so many advantages of investment.
Firstly,it helps to save up for future unseen events.
Secondly, it helps one not to be totally bankrupt,u might not have cash but definitely u must have unseen cash.
Thirdly, it encourages hardwork and discourages laziness
Lastly, it encourages literacy and discourages illiteracy.
Investment is being able to take up a risk, that will be of benefit in the future.
Therefore there are also many challenges of investment which are as follows.
Firstly, Lack of capital. This is one of the challenges of investment, because when there is no capital there won't be any room for investment.
Secondly, Lack of good management,when there is poor management,the investment might not yield enough profit as expected it may even collapse as a result of poor management.
Thirdly, Lack of poor facilities. When there are poor facilities in making an investment it is also a challenge for someone to invest.
Lastly, When you don't have a set goal, u can't achieve investment.
On the other hand, investment can help financial freedom in the sense that there will be no room for bankruptcy, Even if there is no seen steady cash, there is always unseen steady cash.It discourages being a debtor,that is how investment can help get financial freedom.
Parents today should take the advantage of teaching young children the benefits of investment,it Should also be taught in schools and arrangement should be made by the government for proper orientation on investment. It will help the future generations to know how to economize and save up for future unseen events.
Moreover, investment is a lifetime most achievement if it is done properly. People who are planning to invest should already even on 2 to 3 businesses depending on their financial capability.
At the Same time, there should be no room for so many investments to avoid loss.
First image from pixabay source
Second image from pixabay