Money is used for spending, not for saving. Anyway, to have more money to spend in the future, you may need to invest. Below blogging tips are the reasons why you need to invest your money.
1st reason to invest your money, the money you can earn with your 2 hands is limited. You may use other parts of your body or even use whole of your body to earn money. Anyway, the money you can earn is also limited. One day when you cannot work, your income will stop. Therefore you need to invest your money. Let your money working and find more money for you.
2nd reason to invest your money, you do not want to be the stupid one that earn money for your boss forever. As you know, for 100 dollars earn, 99 dollars will be inside the pocket of your boss. Another 1 dollar will be shared among the workers. To stop working for your boss, you need to invest your money to make money. Therefore, investment is more important than working. After working, spend some time to plan your investment.
3rd reason to invest your money, you want to be the smart one. There is a simple practice in society that you know but you do not think deeper about it. Normal people earn money by working for other. Smart people earn money by producing their product and employ others to work for them. Smarter people earn money by trading, which is buying something that produced by other people at low price and sell at higher price. Smartest people earn money by using money such as invest in stock market, unit trust or mutual fund and playing foreign exchange. Therefore, to become the smartest one, you need to invest your money.
4th reason to invest your money, today’s 1 dollar is not tomorrow’s 1 dollar. The value of tomorrow’s 1 dollar is smaller than today’s 1 dollar. Therefore, you better spend all the money you have today. If you do not want to spend the money you have today, then you better invest it. By spending 2 dollars today you can buy a burger. After 10 years, you may need to spend 20 dollars to buy the same thing. The price is 10 times higher. Can your current savings amount increase 10 times? If no, then you better spend it all or else, invest.
5th reason to invest your money, rich people focus on investment. If most of the rich people are working for other, then you should go to work for other and work like hell. Unfortunately, rich people do not work for other. Rich people get their income by investment. Therefore, stop thinking about work after working hour. Think about how to make your investment.
6th reason to invest your money, you want to spend more. You do not spend today do not means that you do not want to spend. It just means that you want to have better thing. For example, you do not wear underwear today does not means that you do not want to buy an underwear. You may want to buy some branded underwear such as Victoria’s Secret. Therefore, to have better choices, you need to invest your money for future luxury spending.
Written by Eric Finance – Finance blog of financial planning info
