Save Money and Invest

“Someone’s sitting in the shade today

because someone planted a tree a long time ago.”- or

 

Saving $50 a week over 10 years will allow you to save $26,000, not

including interest, and like the tree it has taken years to grow, Warren Buffett,

Save and investSave Money and Invest – Learn How to save , invest  & create wealth

As warren Buffett said in above the statement tried to explain the importance of saving and how a significant investible corpus can be created from small but regular savings. No one is born knowing how to save or to invest. Every suc­cessful investor starts with the basics. In the difficult economic and political times, saving money for a bad time or investment is must. Planning for the future is essential for financial security
Do you remember your parents told  “Money doesn’t grow on trees”. Yes, they were right. Actually it grows on other money. It takes money to make money.  Here, we will try touch upon two tolls i.e savings and investment & will see how can your money works for you.

 Step – 1 What is Savings & investment

Saving is generally short term goals for any individual. People try to save out of his daily routine expenditure & save it in banks & withdraw it when you need it.

“Investing”is longer terms goals. Depending upon your risk profile, you invest for shorter or longer period of time. Generally investments can earn a lot more if you hold it for a longer period of time.

Savings Investment
Savings Account Bonds
Certificated of deposit Stocks
Mutual funds
Real Estate
Commodity

Step – 2 – Make Financial plan  – Before doing financial planning, one should list his financial goal, his financial status (income and expenditure) & then find out money for savings or investment. You need to look for various ways to cut back on your daily expenses and try to save more.

Step – 3 –  Small money add ups to big money –  Try to save from each and every source. Cut down your high costs debt, credit card outstanding. Once you paid off those credit cards, try to save and invest. Other ways to save are like cut down a) travel b) wedding or family events c) home improvement etc.

Step – 3 – Make money grow  –  There are basically two ways to make or grow money. 1) You work for money 2) your money works for you. Your money can works for you by

1)     Your money earns money

2)     Buy something with your saved money which may improve / increase (value) over a period of time. It may be small but regular/ one time. Systematic Investment Planning (SIP) is one of them.

Step – 4 – Protect Your Money- Finally, once you started investing, your need to protect yourself from any fraudulent deal. Every country has the investor protection agencies. One may get in touch with them for more information about scheme

Conclusion

Save Money and Invest is mantra of any wealth management. Saving money is the first step and it is the foundation of all financial success. Small but regular investment can give you financial freedom over a long period of time.

 

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5 Comments to Save Money and Invest

  1. I am browsing on on-line over 3 hours today, nevertheless I never found out any useful document including your own Hochzeitskleid Foto. It truly is charming amount enough to me. In my opinion, when most internet marketers in addition to web owners made beneficial information when you would, online would have been a whole lot more beneficial than in the past.

  2. Pooja says:

    Hie Hochzeitskleid Foto

    Thanks for information which you have provide please help me out to understand the concept of mutualfunds & stock.

  3. Nice Post Make Financial planning is most important for a person to achieve there goals and small investment will take a person to big achievements.

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