Why does investment wins over a lifetime of saving money, surprisingly?
We thrive on knowing more and gaining knowledge for saving money and investments. Yet, we know very little about it. Only by hearing from someone during the academic study. Or from real-life, hands-on experience from friends and family. We are aware of it.
We all have been asking this question to ourselves and others.
Why do only the rich keep getting wealthier every day? Do others remain in the same state as before?
And is it a skill that keeps us apart from making money or knowledge and understanding that keeps us away? And what does it take to gain such skills? Does it take years of research, study and execution on time, or is there something else to do?
Firstly, rich people don’t work for money as their ultimate goal. Rich people make money work for them. And add value to the world through their passion for solving a more significant life problem. And by doing this, they earn their share.
Also, they are always aware of the financial situation. And hold on to money and earn more by investing it back in the market. Doing so at the right time to get in and out of it and making any investment profitable is a skill that comes with time.
While on the other side, the middle class or below struggle to meet ends. Because of their comfort zone and laziness to adapt or upskill, which keeps them apart. If people can overcome this situation. And take action. There is no stopping them from achieving success in life.
Money making is a process, and it is challenging to achieve overnight. It only comes to those who dedicate time and set goals for life. And it isn’t easy to manage and hold on to money. Because only with time and experience comes skills and management.
Suppose if this art of money-making and financial intelligence isn’t learnt. In that case, it will not remain for long. Because of daily expenditures and without investment, there is no growth. And only by taking risks and dedicating time towards investments one can last long.
If we look back in time during the king’s era. Rich classified people buying more assets like gold and property to remain wealthy. Apart from fulfilling lives with basic needs such as food, clothes, and shelter. As we kept evolving from time to time and stepped into the Modern era, basic needs remained the same.
But our mindset has completely changed from the past, as we grew from one generation to another. Only a few stayed wealthy for a longer time and understood the concept. Of asset and investment compared to the overall world’s population.
Therefore poverty remains high, as we are unaware of what to do and how to reduce this gap between the Rich and the Poor.
Today, we are stuck with a trend that makes us feel better by doing certain things. But we only try to feel better by looking rich and buying expensive stuff, usually talking about it.
And this process doesn’t work for a long time because of the debt that it gets us in. And this looking rich always pushes us backwards. As it’s a direct impact on the cash flow and overall asset value.
Well, now, why all this?
It is a necessary and vital step towards personal finance and development. As we are humans, it’s in our nature, and we end making mistakes.
But if we can accept it and learn from them, we will move forward towards our goal.
Let’s get back to saving money; sure, saving money helps while paying the bills. It fills your pocket and serves food on your plate. And at what cost, you must ask yourself with a traditional bank.
It will only be a slight increase in saving money by a percentage. And to think of it, the complete process is slow. It requires lots of time, patience, and sacrifices to achieve it.
But one needs to follow steady growth. Even with this growth, it isn’t easy to afford to buy a dream car, a house or to start a new business venture anytime.
So what should you do? And how do you do it?
For the money, it’s always going to arrive at a price tag. Acceptance is the key here, and you must learn and adapt to it soon with the trend before it’s late.
- Don’t save money; make your money work for you, even when you are not working for it or during nap time.
- Find a financial advisor who can tell you in and out of the market. And has invested in a product they are trying to sell by showing the actual value or an AI Advisor working 24 x 7, 365 days.
- Attend seminars and webinars seek expert guidance. Learn how to manage money and improve your financial statements. Pay taxes on time and avoid extra charges.
- Starting as early as in your 20s gives you an upper hand. And it allows you to make more money, and remember it’s never too late for investments.
If you are still having trouble with investments and saving money?
Solution: No more worrying. Get ready for a one-stop application for all money management and financial needs.
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