Saturday, September 21, 2013

Why You NEED to Invest!

Now that you know money is a great thing to have and a force for good, don't you want to be as wealthy as you possibly can to affect the world in better ways?

I'm sure you do! The more you have, the more you can give and share. (Just look at Bill Gates!) But do we all have to be like Bill Gates and strive to be billionaires? No, we don't. I mean if you want to, sure go ahead! But if your goals and dreams are to simply do your best at your career and take care of the people around, that's just as commendable.
So Then How Do You Build Wealth?

Most people think that to get rich, they need to earn a lot of money. So they look at sports stars, celebrities and high flyers as examples of successful, rich people.

But how many people get to be sports stars and celebrities? If that's your dream, then by all means, go for it! But most regular people are just that - they're regular, decent people making a regular paycheck.

What you may not know is that these "regular" people are your next-door millionaires! Did you know that if you invest just $10/day at 20% returns per annum, you'd have $4,254,773 in just 30 years?

You can get very rich just working a regular job, but investing wisely! And if you have a huge active income... well, you can grow your money even faster. But trust me, earning a huge paycheck doesn'tmean you're wealthy. If you make a million but you spend two every month, you're still broke. And even if you make all the money, don't you need a safe place where you can grow your money long-term? Yes, you do.

So yes, you need to know how to invest. 
Not only to build sustainable, long-term wealth but also because of this:

1) Working a job means you're trading time for money: if you want more money, you have to work more hours. But there's a limit to how many hours you can work a day.

2) Investing gives your passive income. Your money works for you 24/7 whether you are working, sleeping or relaxing on a holiday.

3) Inflation eats up the value of your money. If you do not invest, you become poorer over time.

4) Unless you want to work forever, you need your investments to fund your living expenses when you retire.

Investing allows you to build and safe-keep your wealth. (Yes, investing is very safe when you know what you're doing!).

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