Investment: Let Money Works for You
Not only you who can make money for your life. You also can make your money works and make another money for you through investment. Weird enough? Let see how this concept works.
How many of you wondering who owns the tech savvy of banking industry (BBCA)? Or how many of you think when you can have that giant company which monetize so much money, only they and god knows how much, works for you? Well, by starting your journey in investment can makes it happened faster than you ever think.
Investment is a way to build wealth, and it is open for everyone. Yes, you read it right! Even us can starts our path with money in your pocket. Anyone can get started in an investment program and there are already many way to begin with small amounts and add to a portfolio periodically. In fact, what differentiates investment from gambling is that it takes time and consideration. This is not a “Sangkuriang and Dayang Sumbi” story where everything happens in a single night. We still have to make it works based on data that we have to analyzed.
Investment: The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
Legendary investor Warren Buffett defines investment as
“… the process of laying out money now to receive more money in the future.”
The goal of investment is to put your money to work in one or more types of investment vehicles in the hopes of growing your money over time.
Investment is really about “working smarter and not harder.” Most of us work hard at our jobs, whether for a company or our own business. We often work long hours, which requires sacrifice and adds stress. Taking some of our hard-earned money and investment for our future needs is a way to make the most of what we earn.
Investment is also about making priorities for your money. Spending is easy and gives instant gratification—whether the splurge is on a new outfit, a vacation to some exotic spot or dinner in a fancy restaurant. All of these are wonderful and make life more enjoyable. But investment requires prioritizing our financial futures over our present desires.
Investment is a way to set aside money while you are busy with life and have that money work for you so that you can fully reap the rewards of your labor in the future. Investment is a means to a happier ending.
There are many different ways you can go about investment, including putting money into stocks, bonds, mutual funds, ETFs, real estate, or even starting your own business.
Every investment vehicle has its positives and negatives. Understanding how different types of investment vehicles work is critical to your success. For example, what does a mutual fund invest in? Who is managing the fund? What are the fees and expenses? Are there any costs or penalties for accessing your money? These are all questions that should be answered before making an investment. While it is true there are no guarantees of making money, some work on your part can increase your odds of being a successful investor. Analysis, research and even just reading up on investment can all help.
In the end, you can starts now or later but the opportunity widely open ahead. Discuss with yourself and decide when will you take your part.
Source:
https://www.investopedia.com/university/beginner/
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