If you plan to invest that means you have the interest to have another source of income, that is if you already have a work offline. And having work offline does not hamper your decision to run an investment. Investing can provide you with another source of income, fund your retirement or even get you out of a financial jam. Further, investing helps you acquire wealth. It could also help you meet your financial goals and to increase your purchasing power over time. Having an investment is one way how money works for you.
Why invest?
- Thread starter Starmix
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The main purpose of investment is to grow your wealth, fight against inflation, have another source of income. As all investments involve risk, you have to know your risk appetite before investing.
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- #3
Very well said, building wealth is the main purpose of why invest. There are times that we are hesitant to invest because of fear of the unknown especially if our capital is not sufficient to sustain huge investments.
Absolutely agree with what you said. Investing is like planting a seed that grows into a strong tree over time its a smart way to achieve financial independence and secure your future. I been investing for a while now and while there are ups and downs, the overall trajectory has been positive.
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- #5
You are so right, we need to invest while we are still young because when we reach old age, it is very difficult to manage investment, and may have a tendency to be trapped or scammed. We have to invest and invest for futurity's sake.
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- #7
Investing is interesting because you can see the actual flow of your profit. The profit must distributed in a wiser way how? Save at least 20% of your total earnings monthly, invest more and list down the important needs only.
My goal in investing is so that the funds I have can grow bigger, as well as as a hedge against inflation. If you have $100k stashed in a cupboard then next year the value or purchasing power of the money you have will decrease.
investing is good if you do in digital marketing or advertising or spot trading or providing social media accounts based services they are quite popular options for earning these days indeed .
Investing is a way to increase ones earning while keeping the capital intact Many eat their capital and then rush around taking loans for their survival. We have always invested and know its benefits
Investment is very important, because we cannot always continue to actively work to earn money to support our living needs. So, by investing we can earn passive income even though we are no longer actively working.
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- #13
To invest means to change our financial status. It is for the sake of our future. When we are old, our stamina and strength are not the same during our younger years. So, we have to act while our bones are not cracking, invest more and more.
Growing one's wealth through investment is a smart thing to do, but it is important to remember that all investments come with risk. When starting out, focusing on well established options that one understands makes the most sense.
What you say is true, but so far I don't have anything to invest in. I am still focused on growing my business. I will think about investing when I have excess money.
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- #17
You can start investing with a little capital. You may hire your brother to do buy and sell of livestock in your local market. Set agreement on the pricing and the profit sharing. You may start the marketing through media.What you say is true, but so far I don't have anything to invest in. I am still focused on growing my business. I will think about investing when I have excess money.
What you mentioned to me is a business, not an investment. Because I have to actively monitor and indirectly participate in managing the development of the business. For me, investment is like investing in gold, investing in land, investing in property, etc. Maybe I can start investing in gold if I have more money.
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- #19
You can likewise call it a business. Anything that involves money personal, or partnership is business. That is now the business of my nephew buy and sell of live stock. He resigned from his work because he wanted freedom and now he has big savings in the bank. He was able to buy a second-hand van for his deliveries.
It is true that some people prefer entrepreneurship because they want freedom and get away from the pressures of life. Including me, I don't like working under pressure from people. I prefer entrepreneurship even though I'm still starting out, but I'm sure I will be successful one day.
