Save and invest over time to get rich

[Starmix]

Saving is an important thing people ought to do. It is the only means to achieve a goal which is to become rich someday. It is not easy though because of the high cost of commodities that people prioritize and saving is sometimes set aside. Saving 20 % of their income is the hardest thing to do for those whose income is below the poverty line and even those with a better salary. But investing in something big or small is where you can feel a little hope to achieve your goal of living in luxury and financial freedom. Religiously saving and investing 10%-20% of your income is a tried-and-true wealth-building strategy. By consistently putting money away each month and letting compound interest work its magic, your invested savings grow exponentially over the years.

 

[SHAHID987]

If one realize this in early age then definitely he will rich one day. Only by saving 5% of his income if he start and continue then he will be rich one day. Just control over the expenditure and never use this money in any circumstances lest he reach on certain age.

 

[timewo]

In some countries, the rich and powerful communities are extremely aggressive and ruthless in robbing the savings of professionals from poorer and powerless communities with dishonest leaders and officials, making fake allegations without any kind of legally valid proof.

 

[Starmix]

Saving is the only means to accumulate our money and after seeing it is sufficient enough you could start at any instance to run a business. There are small businesses that may grow big.

 

[nomad]

It takes a long time to become rich on your own but if you save regularly and use your savings to make investments on a regular basis, in 20-25 years, you might be able to become a millionaire.

 

[Stardom22]

l think these are the main ways as to how people aspiring to become rich ought to do. There is power in the saving of money no matter how small it is. It builds up over time.

 

[Starmix]

With my milk tea business and property rental, I am closer to my dream of becoming a millionaire a few years from now. I hope I will not fail in my assumptions.

 

[eldavis]

This is one advice I keep telling a lot of people. Saving is good yes but saving a line would take you no where. Adding investments will make things a lot better.

 

[Starmix]

When we save, we will be saved from headaches when an emergency arises. It is not easy to borrow money if you need it in the evening because of a very important transaction. You can withdraw anywhere or if there is a credit card, much better.

 

[olaniyi]

I will even prefer to use my savings as investment if I could see a sure business because one I invest there is chance of double income for one to be rich

 

[Starmix]

Saving is something and through it, we will be able to think of something good as our investment especially if it is our first time to enter into investment. The small saving every day could become great someday.