We will see the importance of investing through Vivek Investment.
We are always trying to figure out how to live our lives safely and well in the future. From that point of view, we save some of the money we earn from our hard work and keep it in the bank or keep the money in F.D.. But are the savings made today sufficient to cover other rising costs on future inflation?. So the answer is definitely No.
Your future financial planning and savings cannot be reconciled. History up to now or your past has shown you time and time again that savings are never enough for the future. Even if your savings and inflation in the future are never satisfied, the common man is giving importance to these savings. This is because we are falling short somewhere in terms of financial planning. Adding money to money always increases money but the common man never adds money to money. This means that the common man never adds money, the common man never invests, we just save.
“Warren Buffett” is an example he always says, “Save first and spend later”. In the same way we do the opposite
Spend first and save later. You need to learn to save first and then invest the money you have saved. It is very important to invest in the right place because the profit from that investment will be useful for future needs.
Now you know the importance of investing. But you may be wondering where to invest? How to invest? and When to invest?. We will cover the details of this investment in the next blog.
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