This is an interesting topic and I think everyone would have some opinions about the investment. It's obvious that people could have different opinions at some might say that investment is very important while others may say that if they have enough money then it is not required so ultimately we can say that everyone has got some thoughts about investment and today in the post I am sharing my view and why I think that it is important.
Growth
We work to earn money and this money is required to fulfill our many responsibilities and necessities in life however we still try to save some money and this is called saving. If the saving is not invested wisely then it will not grow and even because of inflation they also will lose value for a period of time. So if you want your money to grow and even with the inflation then the only solution is to go with the investment and of course, choosing the right product car investing is the first step. Investment is not a one-day game instead it's a journey that everyone needs to carnal in life and if we follow the discipline with investment then after many years we can see significant growth in our money. So if you expect your money to grow then you should start investing.
Passive Income
we can earn money till the time we are working but the moment we stop working then our earnings also stop and that's where the passive income is something that plays an important role. With a proper investment even if we stopped working then also are income will continue and this is what everyone needs to plan in such a way that can become a good source of passive income. Nothing happens over the night and it also requires proper planning so we should start investing as early as possible for a better future and also making it a source of passive income. We cannot depend on the government or anybody in our family for our expenses and This is why creating a source of passive income is very much needed for us and this is possible only through investment. Of course, it is not limited to any particular industry and nowadays crypto is another revolutionary segment where we can create various sources of passive income but here also investing is the first step.
Financial Freedom
During the pandemic, we have seen that people who are not financially free have gone through a tough time and now it is one of the goals that many people follow to achieve. As far as I'm aware based on my experience I can see that financial freedom can be achieved only through investment and there is no other way to follow. I have seen many jumpers around me where people had started investing in their 20s and are now in 40s, they are financially free. Although they are working but they have Peace of Mind and they are hardly worried about losing jobs and that is the state we need to achieve. I want to achieve financial freedom and I know that to make it happen I at least need to plan investments for the next 8-10 years. There are a lot of uncertainties in job and business as well so with the proper investment we can achieve financial freedom and then it does not matter much even if you lose the job or there is any big impact on the business.
Investing Habit
I have been investing in multiple investment instruments since the time I started working. Now, whenever my income grows, then also I increase the ratio of investments considering the inflation and my lifestyle because I would require more money. This increase in the investment ratio will help me have a bigger corpus of funds and I think we all should follow this.
Nowadays we have so many options available in the market to invest and this includes mutual funds stocks and crypto of course. I know that crypto is easier to stay but it's still I try to keep my food for you diversified and this is something I highly recommend to everyone because every expert in the financial industry will always suggest you to put your money in multiple instruments better than one and I follow the same with my investment strategy. Basically, it is a journey that we need to follow for a long and then only we can achieve a great result and awesome returns on the investment. They can't grow your money without the investment as there is no other way so it's always better to start early and if not early then do whenever you feel like but never keep the money idle that you have.
Thank you
Posted Using LeoFinance Beta
Investment is very important for all of process. Finical is most. I want investment in solona and Egld. But still watching and waiting because of my cash money to buy it. Now , I was investment my time with HIVE and SPLINTERLANDS GAMING. That was no need to invest my money and that only my time and my good creations. I was created goods content on hive blog. That was my investment from blockchain. Correct sir?
With hive and splinterlands a proper time investment really helps. I think solana is a good project but not sure of elgd. You seem to follow nice strategy. Keep up the good work
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