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It helps you grow your money
Investing you money gives you the opportunity to grow your money. Most investment vehicles such as stocks, crpto-currency, e.t.c, offers returns on your money over a long period of time. If you don't take little risks and invest your money, it'll just be in your account, wasting away. Rather than let your money lay around, invest it, let it make more money for you.
Save for retirement
We all know that we can't keep working forever, even if we own our various businesses, we are bound to retire some day. We should make plans for retirement. Put your retirement savings into a portfolio of investments, such as stocks, bonds, mutual funds, real estate, businesses, e.t.c, so that at your retirement age, you will be able to live off funds/profit earned from these investments.
Based on your personal tolerance of risk, it'll be better for you to consider being riskier at a younger age with your investments. Only those who are courageous enough to take risks have the chance of earning greater wealth. As you grow older, it'll be wise to be a conservative with your investment, most especially as you get closer to your retirement age
Earn higher returns
In order to grow your money, you need to invest it in the right place where it can earn a high rate of return. But be mindful, there are lots of scams out there pretending to be investment platform, ready to take your money from you. Before you invest, do your investigation to know more about its legitimacy before venturing into it, so as not to loose you money.
Investment vehicles tend to offer you opportunities to earn higher rates of return than savings accounts. Therefore, if you want the chance to earn higher returns, invest more than you save.
Reach financial goals
When you invest your money properly, you have the tendency to reach financial goals. If your investment is earning you a higher rate of return than as savings account, you will be earning more money both over the long term and within a faster period. The returns you get on your investment can be used towards major financial goals like, buying a house, buying a car, putting your children through school and you can even use it to start up your own business.
Start and expand a business
Investing plays an important roll in business creation and expansion. Investors like to support entrepreneurs and also contribute to the creation of new jobs and products. They enjoy contributing to upcoming businesses and building them into successful entities that can provide them with strong return on their investment.
Lesson: Invest so you don't have to suffer in old age