Investing rightly

When talking about investment, people narrowly think about money alone. Investment may comes in different forms and ways. You can invest with your money on a lucrative business for high returns at some future date. People also invest on their children by giving them qualitative education so that later in life they can be something great and rewards their parents in the long run. People primary invest to earn much more of their capital in the future. Investing in your education or your children's is a wise decision to make because by doing so, you are preparing yourself and your children for a better and securing future.

Sometimes people invest in a right way, others invest in ways that are wrong. Some people invest in assets that yield more income for them, this is exactly what the rich does that makes them more rich. While the poor invest in liabilities that makes them more poor. The latter can be considered some form of bad investment.

If we should consider gambling, it can be seen as a form of investment too, but is it legit or safe? well it depends based on many reasons or factors. Gambling is a form of investment that is considered unsafe and addictive and should be discouraged especially among the youth.

One of the things to note about investment is that you should invest in businesses(like real estates, stocks, shares, contracts etc) or opportunities that you have understanding or experience in. Don't invest in businesses you don't know much about it. It's also important to avoided get-rich-quick schemes like gambling that was mentioned earlier. Many people have the notion of borrowing money that isn't their own to invest. Do not accumulate debt or pile up debt in the name of investment. The fact about investment is you don't know the specific amount of returns you are going to earn, and it's often advised that you invest only what you can afford especially when dealing with trades like crypto currency trading which is unstable in nature. Remember that in crypto currency, you have to invest after making your own research and not because someone asked you to invest. It's not a guarantee against loss.

DYOR(Do your own research) is a term in crypto which helps you to analyse and research properly on crypto currency before attempt to buy any coins or token.

There are many reasons why investing may be considered. Instead of spending extravagantly, unplanned or impulsive spending, you can do well to save to invest some if your income. Reasons for investing may be;

1. WEALTH CREATION.

When you invest your money in a good business, it ultimately grow and compound more over time. For example if you buy shares or stock in a company. You earned money and your wealth increases over time.

2. ACCOMPLISH FINANCIAL GOALS. Sometimes you have some goals to be met which could not be possibly meet up with the current amount of money you have with you. You can then invest to help you reach bigger financial goals. The returns on your investment may be used towards buying a new car, getting your children through schools and other financial goals.

3. BENEFITS ON RETIREMENT. Many people invest in businesses before they reach retirement age. This will help them live a comfortable lifestyle even after been retired. It's advisable to invest while you are still earning so as to create a mass of funds that can be used when you retire. Investing will provides you with financial security when you reach the retirement age.

Many people have their personal reasons for investing, you could also share with me some of the reasons why you invest in your businesses or other business.