Hi readers, after long time, I am just spending my most valuable asset (Time) to write this. Investment - I know it is a big word to explain but just i wanna give it a try. Ok, let me start,
Investment - investing something what you had to get better or improved yield in return (In layman's language). For instance, now you are investing your time to read this post and i'm sure you will get better understanding of investing.
....i know i am little over confident ....
Best quote i ever read - "Time is free, but it’s priceless. You can’t own it, but you can use it. You can’t keep it, but you can spend it. Once you’ve lost it you can never get it back" - Harvey Mackay.
We have to know "Nothing is free" in this world. Everything has it's own price (like fee) to be paid. "Everything has a price, but not all prices appear on labels" ( - by Morgan Housel).
We can earn money even if we lost it. But time, no such option (no replay for it). So be wise at using your time. The way you think about it is the way you spend it. Don't trouble yourself by thinking you have time.
oh, no... it is boring. yeah it is boring isn't it. Yes or No? Of course, your answer is "Yes". I know what you are thinking "this guy is wasting our time to explain the value of time".
Because Time is Money or Wealth, Health - I am not the one who said this.
I just wanna ask you a small question that Money or Wealth are same or not. You know, we all think they both are same. But not at all.
Money is what you can see and spend. (now a days people are spending money what they don't have- How is it possible???? - Answer is "Buy now, Pay later" / "Credit cards" etc.,).
Wealth is hidden and it is income not spent. Yeah you heard me right. Wealth is an option is not yet taken to buy something later. Which means Money gives you instant happiness but Wealth gives you an options and growth to one day purchase more stuff than you could right now.
So the point here is we all wanna look like Wealthy (like Rich) not be like Wealthy. Because become wealthy is toughest one than look like wealthy (spent like rich). And of course it is hard to learn to become wealthy (As you can't see "Be like wealthy")..
Ok, now what we have to do to become "Wealthy", simple just need to save money in disciplined manner for long time (No short cuts allowed here). Don't forget that discipline / patience is the key element in investing. We all know - Staying Wealthy is most crucial part after getting Wealthy.
But Where do we have to invest? - There are lot of options for us like stocks, Mutual Funds, Properties, Fixed deposits etc., but you should know about the asset before you are going to invest in it (it is not a gambling, Right?).
We should invest like a poor man (be like), you know poor man always thinking before he spent anything unnecessary. I remind of small quote i read - "Do not save what is left after spending, Spend what is left after savings".
And we need to give enough time to grow savings which are in turn become our wealth. Most of us heard about it "Power of compounding" and it works for us when we give enough time. This is the best way to put your money to work and potentially build wealth.
Investing is essential in our life to achieve our goals. It is the only way to make your future better. But too much depends on Goal not advisable. Goal, either it restrict your happiness (Until achieve your goal) or gives you disappointment.
Do regular investment without any goal, i mean don't think too much about goal like purchase property / car / children education etc., because it will stop you there (when you feel comfort) once you reach it.
One more thing I want to remind here is inflation - we make sure our investments are necessary to tackle inflation.
Save Money without any break, At one point of time, it will give you break from your burdens.
Best Books read at any age: (click on image to buy)
Hello, welcome to my blog, Smart Investor. I'm Satyanarayana, a banker & blogger, Investor from Visakha -patnam, India. You can read more about SML here.
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