Why Investing Is Good
Cash for emergencies or short-term spending should be held in safely in bank accounts .However, when you are keeping money for the long run, it gets more complicated. You’ll need to protect yourself against inflation. You are also going to take some risk in exchange for a chance at higher returns.
Investing can make you reach big financial goals. If you are earning a higher rate of return than a savings account, you will be earning more money over the long term and within a faster period.You can use this return on your investments toward major financial goals, such as getting a new home , a car or starting your own business.
One of the reasons for you to invest is that you won't have to work your entire life
You don't have to start with big investments you can try first small and safe investments to get to know the drill and be experienced.
You can start investing in cryptocurrency ,its the future money and you don't need to start with big numbers
you can try cloud mining , trading , buying and holding and investment platforms however you need to be aware of the scams and search about the company that you are going to put your money in there hands
You give up security hopping that over the long run your money will grow faster.
Steem Power is one of the best investments currently, other than it being simple its like buying shares of steem
investing in steem now is like buying stocks in facebook in 2012
steem is the future of social media
You can get money easily by upvoting posts, authoring posts and writing good comment and you can power down your steem
power any time to transfer it to any other currency
There are four types of people: Spenders, Earners, Savers and Investors. A person who is a Spender will spend more than they have. Children are a good example of a Spender. They really do not have a way to make money so get it from their parents in the form of allowances or gifts. They spend their money without the guarantee that they will be able to replace it. Unfortunately this is bad for children because it doesn't force them to choose between immediate gratification (buy some candy) versus longer term desires (buying a cell phone or tablet). There are some exceptions to this rule - a couple children whom I have known learned to defer their wants to achieve greater goals.
The second type of person is an earner. This person is like a child with a paper route or a lemonade stand. They establish a stream of income based on their labour but tend to spend their money as it comes in. Most of the working poor fall into this category. They work but never get ahead. They are able to remain afloat as long as they have a job. Many of the working poor buy stupid things. I knew of one girl who immediately got a tattoo, dyed her hair purple and had dread-knot extensions put into her hair when she went to nursing college. Of course reality reared its ugly head when she went to work in a hospital. Many of the purchase of the working poor reflect the purchasing patterns that they learned as children - immediate gratification versus long term goals.
The third type of person can be found in a few of the working poor and the lower end of the middle class. Savers put their excess money into long term low growth potential instruments. When I was young, I saved my money and bought a Guaranteed Investment Certificate (GIC). The first one that I bought cost $100 and paid a low annual interest. One hundred dollars does not seem to be very much but for a child hording pennies from earning money by returning pop bottles (all containers should have a refund available just to give children a source of income). It was a good education for me but unfortunately saving is good for long term but is not very helpful in the short term. If you buy a house and pay a mortgage over 25 years, you are a saver. You will eventually realize a return on your property - too late to use it except to provide a room in a retirement home.
The last type of person is an investor. An investor places their capital into areas that will give them the best return. I once taught a course where one of the students had a deposit of roughly $10,000 in the early eighties. She got married, bought a house and twenty years later lost her job, her house and her husband. If she had invested the money in buying the house but rented the house instead of living in it (continued to rent an apartment) by end of 20 years and constantly refinancing and buying additional properties - she would earning enough money to buy new house every year. Investors look beyond the normal behaviour patterns and pursue unusual streams of revenue.
I would recommend a young person to read books by David Chilton and Robert Kiyosaki. Not specifically for the advice (although it is well-founded) but as a way of investing in your own life and teaching your children how to do the same.
Steem is a new paradigm when it comes to making money. Its drawback is that it has only a single residual from a post. You can only up vote an article once. In contrast Gangnam Style gives Psy true residual income when someone views his video.
great information
i was a saver and now i am trying to be an investor
About the only good idea that I can suggest has to do with diversification. If you can create a stream of income - take the profits from this and invest into another income stream. Continue to do this until the earnings from all of your streams replace your job income... but don't quit your job until the income from the streams are twice your job income. In this way if a stream dries up, it won't jeopardise your income.
i always reinvest
It was great success
investments are great success indeed
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