what is the need for investment and how does it impact the future?
When you learn how to invest wisely, you are creating a way to kickstart your future.Growing up, we all had our dreams and aspirations.
Hey momma, when I grow up, I wanna be a doctor, a lawyer, a teacher, I wanna get married at ages 22 through 25 but all these dreams are dependent on your investment.
Your investment defines your old age. If it’s gonna be a weary one with lots of lacks or that of affluence. Your choice of investment is as important as the choice of life your going to experience at an older age.
Saving for retirement is an investment for a secure future. A future that provides for you financially, enabling the saver to no longer work when they reach a certain age in their life.
we know that investments in the financial realm take time to materialize while changing permanently how we live.
Perhaps you have big dreams but are unhappy where you are in life. You might feel as if there is so much in store for you and want to master your life. Maybe you talk vaguely about where you want to go and who you want to be and dream loosely about a different future for yourself.
Whilst choosing a dream investment, I’d like to take you outside the box on somethings you might want to consider before making a choice.
1. Be honest with yourself
Why do you really want to invest in this sector? Is it because of the extra money, fame and clout you will receive? Or do you genuinely have a passion for what you are doing? If you honestly wish to choose this investment because others are making a fortune out of it or because you want to use your intelligence for good, not simply to make money then proceed and begin to invest wisely, then strive forward. But if your intentions are not entirely pure, take a moment to reassess.
2. Be consistent.
There will be days when it seems nothing is improving, and you seem no closer to your dream than the day/month/year before. Such a feeling can be disheartening but your confidence is in prior research. in time, you will arrive at your destination.
3. Develop a passion for your investment
Learn to love while paying attention to your investment. It’s what is going to make or mar your future, you might as well love it and go the extra mile while expecting the best.
4. Understand that investment is not a get rich quick scheme, it grows your wealth steadily and slowly. With this, your mind will to some level be prepared for the volatility and flunctiatuons of your investment value. Hope for the best while expecting the worst.Take a moment to think about how a negative outcome would affect you and how well you’ll be able to handle it. Not saying it’s not going to work out but that’s the risk involved.