If you want to be rich, proper investment is more important than saving.
Looking at the current economy situation and further devalue of money in the future, you can have a rough idea that it will take you a lot of time to be rich by saving your money.
So, it is wise that you look into some investments to secure your financial future.
What can you invest then?
Of course you can invest into the share market, mutual funds, real estates and many more. If you are not familiar with any of these investments, you can hire a professional or learn to be a professional yourself.
Personally, I would recommend you to do both because being totally dependent on someone else is never a good thing especially we are talking about your hard earned money. If you have some knowledge in what you are investing into, at least you can discuss with the professionals about how to maximize your profit.
Now, learning is another form of investment.
With this kind of investment, you empower yourself with certain knowledge and skills that no one can ever take away. And I highly recommend that.
Let's think about this, you are a CEO for a company. Unfortunately, you are sick and are force to take rest for a long period. Now, everyone knows that it is not your fault but due to the profitability of the company, you have to be replaced. So, the questions are, will your company wants you back and how long can you survive with your savings?
Things can be different if you have other skills and knowledge. You can give seminars and share your experience as a CEO if you have learnt effective public speaking. You can even write a book about the life of a retrenched CEO if you have learnt to write effectively.
Although those sounded like crap but it highlights how fragile your future can be if you have no other mode of investments.
So, either you invest in shares or into yourself, you need to do something to secure your financial future.
The hard fact is that not much people will help you if you have no income...
Create Your Success,
Wong Michael. :-)
http://www.beyondaffiliatecash.com/
Remember, earning big is easy as long as you know how. :-)
Wednesday, November 12, 2008
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