Can Investment make you rich?
Investment the most common term in Personal finance.
Investment is the best way to attain financial freedom?
Is there any proven strategy to be a successful investor!!!
Is it possible to loss all our principle in investment.?
We will discuss answer for all these questions along with important strategies of Investment.
Like I mentioned saving is art more than math, the same way investment is more into psychology than returns. As you know first we need to bring the habit of saving in our life, to make saving you must earn money, to earn money you need job, to get job you need skillset or talent in particular field.
If you have the job meaning is you have a particular skillset , skillset might be acquired via academic’s ,training or passion. Based on your expertise level in a skillset you will be paid. If you are earning , than you are eligible to save and then you can plan your investment.
Incase you don’t have job!! Meaning here is you don’t have skillset ,if skillset is not there than no problem of income , saving and investment. So can we discuss investment once you start your earning?. BIG NO. If you are in this position then I want to discuss with you only first about investment instead discussing with the person who is already earning.
Invest in yourself
If you don’t have skillset then acquire it . So your first investment should be acquiring skillset to get job.
Most of us thinks investment means stocks, mutual funds , gold etc.. But each and every person investment varies based on their position and that is not going to any measurable returns , instead it will give immeasurable returns.
For a instance you are interested in football, you want to acquire skills that is related to football and one day you are going to be No.1 player in your field , this returns is not measurable via any percentages like stocks and others measurable monetary returns.
Then if you have job ,can you invest in markets which will give more returns? Wait !before that if you are satisfied with your job then you can learn about markets a bit and start investing. If not than again you need to invest on yourself to acquire skillset on your job or passion to monetize your skillset.
So apart from market investments , I made it clear investing yourself also a great investment. But not only that, lot of other investments are there in day to day life. Before going to other market investment let us understand the investments you are dealing with our day to day life.
Trust is also an investment play major role in relationships and sales activities.
Time is also an investment helps to get more value than money, this list will goes on.
Not only market investments ,any form investments if you hesitate to do then you can not able to success in your life.
Investing in books, courses and training also considered as best thing in human life. You can get all this things via pirated version too, but that won’t help you to get returns. Any investments needs your share of money to give returns , otherwise returns you will get from investments will have no value. this is called law of nature , you cannot break the rules.
Investments that will make you a millionaire
If you want to became a millionaire , than start investing today. But where to invest ,check the below points
Who can invest in stock market?
If you know the below points you can start today itself investing with out delay.
How to save money from income ?
How to protect money?
How to budget cashflow?
How to earn consistently in stock market with out losing?
What are the different types investment options in market?
How to invest in yourself? etc..
If you don’t know the answer for the above questions ,please don’t ever invest your money than you will be in big loss. You are eligible to invest your money if acquired knowledge on above topics , that will give more returns with less investment.
Learn these from financial gurus, blogs ,podcasts, books etc.. and apply this knowledge.
How to Start investment?
Best investment you can start with is invest on yourself and learn the things before applying in your life.
“If you want to became butterfly then ask butterfly not cocoon”
If you want to became rich in investment, start learn from people already succeeded in that and don’t ask the person who is already struggling with money problem because they are cocoon and not butterfly in investment.
Once learned apply it with small money, if you want to invest on learning start with the book or course which cost less and gradually increase your area of exposure with more cost.
Similar way if you want to invest in stock market ,once after learned properly start with less amount and see the result holding the investment at least for some time and gradually increase your investment amount once you will get confident.
Be it investment on stock or investment on learning or anything , if you expect success in short cut surely you will fail miserably.
If you want learn something new go for paid version instead of free version. If you paid for something surely you will take it seriously . Be it book or any learning material and course go for paid version instead of free , it works out.
Importance of investment
According to me there are 2 types of investments , one is time and other is money, out of this time is more precious than money. In money investment returns and long term holding is important , if you hold for long term than compounding will increase your wealth. So here also time matters if you invest early , you get more benefits. So clearly time is the winner here.
- Investment can make you wealthy.
- In investment , money and time works for you. If you are not investing your time and money you need to work till death.
- Wealth creation starts with saving and ends with proper investment.
- Investment will create passive income streams.
See the below pentagon investment strategy. It starts with Learn and ends with Investment.
If you want to invest learn, first the skillset or you want to work towards your passion then explore more about it.
Apply the knowledge you gained from learning and monetize it. You can be a employee, freelancer , business person or investor. Everyone in the world need to fit in any of this 4 quadrant, to explore more about quadrants please refer here
Save your money once you started earning. If you want to know more about How to save money refer here. If it comes to investing money saving is the first step. You can save your time also if you want to invest your time to get more time in future.
Protection is important before investing your money. Otherwise withdrawal of premature investment can leads to loss.
Protection in the form insurance and keeping a fund of six months salary can help us during the emergencies.
You can protect your time by planning it properly.
Finally you need to find the instrument where you are going to invest your money or time.
Money can be invested in debt , equity or business etc..
Your time can invested in learning ,business etc..
Your proper investment of time and money can give you financial freedom in your life.
Investing time and money surely makes you a millionaire , but before investing you need to gain knowledge , the instrument what you selected to invest should be right one.
Balancing between these two investments makes our life perfect. More money with out time or more time without money does not make sense.
If you want to find the right investment for you learn more about the instrument you want to try. Learn it from the butterflies of that instruments or area not from cocoons around you. So that you can fly high.
Please comment below about your insight about investment.
Hey Sathish. Nice Article !
Thank you Ashish
hey Satish. nice article