Even though money doesn’t grow on trees, it can multiply when you save and invest it. In my previous article we saw reasons why we need to have multiple streams of income. We also find out that to secure our financial future, investment is the way to go. Let’s recap some of the reasons why you should go into investing.
For you to earn all the money you want in your business or work, enough to live in the home you want, drive the cars you want, and take care of your family’s future is quite easy. The secret as I have always said is through Investment.
You can invest in stocks, bonds, mutual funds, real estate, forex, commodities like gold, silver, and other precious metals. Let’s discuss stocks for now. When you own stocks of a company it means you are part-owner of the company. The stocks you buy are called shares and you usually buy through a stockbroker. You get dividends from the company whenever they make a profit. If you want to invest in stock you must learn to invest with value, invest in companies with strong fundamentals.
Fundamentals entails strong earnings,
A bank account seems like the perfect type of investment until you realize that the interest you earn hardly keeps up with inflation. In today’s world it is not enough to have just one stream of income. If you are a salary earner you shouldn’t depend on your salary alone to survive. This is because things are moving at a faster pace than before, inflation is on the rise and economic depressions and recession are on the increase. Not to talk of increasing population of humans.
What do we do? Do we sit down, fold our hands and cry? No, we have to adapt to the situation we find ourselves. As the saying goes change is the only constant thing in life. Therefore we change with the situation. We adapt to our world. Our forefathers had only one stream of income and they