I suggest reading a short article on investing. This will help redefine your current attitude towards money and change your life for the better.
So what is investing? Everyone probably heard this word, but only a few tried to delve into and understand what it is. Most people identify the word “investment” with very rich people, and if so, then there is no point in delving into it. “Then there will be a lot of money, then maybe I will do it,” – approximately such thoughts are in the head of an ordinary person.
Yes, it’s true, all rich people really invest. But the idea that investing should begin only when a lot of money appears is fundamentally untrue.
Have you ever wondered why rich people are rich, and every year their wealth only increases? And here comes the biggest secret of the rich. Yes, because they are always and everywhere engaged in investing. They have a financial education and pass on the practical nuances of financial literacy from generation to generation. And why do you think that schools and institutes do not teach financial literacy? And what they teach is a general theory that is far from the realities of life. Is it an accident or a whim of the rich? And do not teach all over the world. Yes, because it is beneficial for the rich that the population is financially illiterate and work all their lives for their meager salaries, and on credit buy goods produced in their factories. And they own factories, factories, real estate, securities, profitably invest in promising enterprises, in valuable metals, in antiques, in a word – in assets.
So, let’s analyze the meaning of these two words from a financial dictionary: liabilities and assets. Simply put, obligations are basically goods that people buy, and whose price after purchase only decreases over time (for example: a new refrigerator, TV, phone, new car for personal use, etc.).
Assets – this is what over time can be sold at a great price or with which you can make money. For example: the same car, only not for personal use, but for working in a taxi; real estate in some promising area; precious metals and, of course, the most invaluable asset is the knowledge you can apply to make good money.
As you can see, the same thing can be both a liability and an asset. It all depends on how the person plans to use it. In short, again, liabilities are those that fall in value over time, and assets are those that grow in value.
Thus, investing is the process of choosing and investing money in a place where it is expected to rise in price in the future or where you can make good money. For example: in securities, in trust, in the Forex market, in Online Options Trading, in real estate, in precious metals (gold, silver), in cryptocurrency (in bitcoins), in antiques, in business, etc. it’s just crumbs, which you can invest and earn.
Most people think that to invest in listed and not listed assets you need to have a lot of money. I want to dispel this myth and say that you can start investing even with $ 10. And it is true! To start investing in some assets, you need very small amounts, in others – large amounts. Some assets may be less profitable, but with less risk, while others may be more profitable, but with more risk. For some assets, the waiting time for profits is relatively short, while for others it takes years. In this case, you should always remember and be prepared for the fact that you can lose an asset.
But the rich do it. So it is profitable. The only difficulty is the choice of an investment object, which over time will rise in price and bring profit to the investor, as well as the moment the asset is sold. For these purposes, the rich, of course, additionally use the services of specialists who are paid a decent reward.
But don’t worry. The main desire is to act. On my forexof.com website I give information about where and why I invest there. You can invest there, and at the same time gain experience. For this you need a very small amount. Profitability on average from 5% per month, and in time 10-15 minutes to monitor once a week.
And now I will summarize the foregoing, which will be desired. I wish you to create assets so that money works for you, and not you for money. And the sooner you realize this, the better. After all, time is our main asset.