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Investment is keeping or allocation of money in a “risky" business or account where it will yield more interest or can also reduce in value, that is why I called it risky business. Investors are visionary people that believe so much in whatever they are investing in. Investing is much different from savings, investing is when you buy or put your money into Stock brooking known as shares, Cryptocurrency, Real estate, Buying and keeping gold. While savings is a short term plan. It involves keeping money either in banks or piggy banks, the purpose why we save is for emergency cases. There are instants where we have urgent needs, like paying bills.
Who is an entrepreneur as an investor ?
I define this as the usage of money for business purposes.
Some of the questions we ask ourselves whenever we have some amount of money with us are:
When can I start investing?
There is no specific age for investing, for example, MarcDeMesel in one of the podcast interviews he renders that he started investing in his mid-20s and hit it at age 35. Likewise, Jeremy started investing in shares before he was 18yrs and sold out his shares to buy bitcoin. You can watch this and more @MarcDeMesel youtube links
I know of a family friend in 2009 who started investing into their children future by fixed deposited N500000 ($3500) in a bank account. Back then cryptocurrencies haven’t come into existence. If it were to be bitcoin they invested in back then, their lad will be a millionaire or billionaire right now. Though we Africans are lagging in crypto investment. Statistically, those who invest their money can’t be more up to 30 percent of the population. Note that you don’t invest major money like paying rents, school fees, feeding allowance, but you invest money that when lost or devalued it doesn’t affect you.
What do I invest in?
Stockbroking big companies do sell out their stocks as shares to the public and at the end of the business year, their profit and losses are shared with their shareholders. Shares are sold in units so you can buy as much as you can afford or available for sale. In case of misappropriation of funds in the company or the company folding up, you can lose your entire shares or part of it.
Real Estate is another form of investment mostly common these days in Nigeria and some other African countries. People tend to invest in land and property because within few years it appreciates. Some buy properties and make a profit this way- they buy houses, renovate and sell. Immediately making an instant gain.
Entrepreneurs: This is a form of investment that requires business management ideas, if not you end up running in losses. There are so many examples of entrepreneur investors. We popularly know of the likes of Aliko Dangote, Mike Adenuga, Bill gate, Elon Musk and our renowned d man MarcDeMesel.You will know their net worth not by what they save in the bank but by their businesses and investment. Buying and selling of gold fall under this form of investment.
Entrepreneurs are motivated by nature, passionate about their self driven vision and are always confident in making decisions.
One thing that differentiates an Entrepreneur from every other person is, they see opportunities in every problem. They look for solutions to the general problem of the masses. In doing so, they provide jobs and also enrich their pockets.
Cryptocurrencies: These are a digital or virtual currency that is secured by cryptography, but can be used online to buy goods and services. It is one of the Latest and very rewarding investment, there are various digital coins example bitcoin, Litecoin, dogecoin, bitcoin cash.
How do I make it from investing?
Investors don’t make it within a day, they start in a little way and it takes time and patience. For you to make it from the investment you have to take the following step.