| Savings, Thrift & Investment |    441 VIEWS  |
| Savings, Thrift & Investment | |
| 441 VIEWS | |
 |
One of the popular questions I get asked all the time is this. How do I
invest for financial success or how do I make wise investment decisions. Today
I will show you how to invest for long-term financial success. There is the
right way to invest and there is also a wrong way to invest.
The right way leads to financial success and the wrong way leads to
financial failure. This means that the same investment vehicle can make you
rich and it can also make you poor. I know this because there is virtually no person
that I know today who has not lost money in investing before. To achieve wealth
and financial success you must know how to invest without losing money and you
must also master the three abilities necessary for investing success. The first
ability is the ability to make more money and earn high incomes. The second
ability is the ability to save big portions. And the third ability is the
ability to invest your savings without losing it.
These are the three-secret formula for investing success. Unfortunately,
only a few people know this formula or even thrive in all three areas. Many
people are good at making money. They make a lot of money and save little or
nothing. Some are good with savings. They save a lot of money but then lose it
all through investing. And others are good at investing. They invest well but
have little savings to make any significant progress. If you want to achieve
financial success, you must thrive in all three areas. You must also know the
key differences between them. There are five main differences between making
money, saving money, and investing money. And these five are the hidden secrets
for investing success. Let's look at each of these five components in
detail.
Secret No 1: Money Making, Saving Money and
Investing Money are different
Making money is a money-producing activity. Saving money is a money
preservation activity. And Investing money is a money growing activity. To make
money you need to solve a problem for other people and earn money for the
problem you solve. To save money you need the discipline to live below your
means and the self-love to pay yourself first. And to invest money you need
some money and the right investment vehicle. Making money thus requires
problem-solving skills, saving money requires the right attitude, and investing
money requires money. So why you can make money from scratch with your skills.
You cannot save from scratch or invest from scratch. To invest you need to
save. To save you need money, and to get the money you need money-making
skills.
Secret No 2: Investing alone cannot make you
rich
Investing alone does not have the power to make you rich neither does
saving alone. The only way to be rich is to solve the problem of many people.
The richest people in the world are all problem solvers. They solve problems by
creating products and services that meet a need. And their wealth is the reward
for the problem they solve. There is no single person in the world today who
made their money solely through investing or saving. The fastest way to create
wealth is to solve problems for many people.
Secret No 3: Investing is a poor money maker but a
Rich Wealth Creator
Investing and investment vehicles are poor money-makers but rich wealth
creators. While they can make you wealthy and increase your Net-worth they are
poor income producers. Many people in the bid to make up for their lack of
money-making ability try to force the responsibility of making money on their
investments. They become aggressive, take unsafe risks, and put pressure on
their investment to produce high returns. They are lured by "get rich
quick schemes" and make erratic investment decisions. They do this in the
hope that their investments will produce the income they need to be rich. But
this is a recipe for failure. The purpose of investing is to grow your savings
and produce passive income and not to make you Rich. Your job is to refine your
skills, build rich relationships, learn about sales and marketing so you can
make multiple streams of income. As you produce more income and invest more
money your passive income begins to build up to the point where it can carry
the weight of your bills. This is the point where you can begin to relax a bit.
Until then, keep refining your ability to earn multiple streams of income.
Secret No 4: Investing can do five things for you
Investment vehicles have five capabilities and can do five things for
you. The first capability is protection. Certain Investment vehicles can
protect you from risks and emergencies. The second capability is passive
income. Certain investment vehicles can produce passive income for you. The
third capability is principal appreciation. Certain investment vehicles can
grow your invested capital. The fourth capability is gambling. You can gamble
with certain investments and lose all your money. And the fifth is sales
income. You can get back your money with interests when you sell a profitable
investment.
Secret No 5: Investing is easier than making money
and saving money
Investing is Easier than making more money and saving money. When you
want to invest all you need is a clear understanding of where you are going,
how to be safe on your way, and how to get there. It is like a car, you don’t
need to know all the component parts in your car bonnet. But you need to know
the fundamentals of driving a car, how to be safe inside a car, what to do to
get to your desired destination, and who to call when your car has a problem.
With this critical information, you can successfully drive a car.
Similarly, you can invest successfully by just knowing the fundamentals
of investing and collaborating with advisors and investment experts who know
the tiny little details about investing. Only a few wealthy people in the world
are investment gurus. They simply know the basics and surround themselves with
experts that can help them. This is what you must-do if you want to achieve
investing success. But when it comes to making more money and saving money the
story is different. While you can learn how to make money and save money from
other people. No one will make money or save money for you, you have to do this
by yourself. Also, nobody's skill or expertise will work for you. You have to
develop your own skills and expertise to make more money and save more money.
This makes making more money and saving money more difficult than investing.
Nevertheless, for you to be successful you must focus your energy and attention
on making more money and saving money. You can always get help with investing
and succeed in investing without being an investment guru.
Investing for financial success is the dream of most people. However,
there is the right way and the wrong way to invest. The key to success with investing is to
recognize the difference and understand the five secrets we have discussed in
this article. The truth is your salary will never be enough to achieve all your
goals. Your Investments will also not make you rich. You need to increase your
ability to earn more income and save a major part of that income to thrive. To
learn more send an email to
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