Invest or not to invest ?

Investing comes up with multiple benefits ,the most important one is that it makes you financial independence. Savings that are kept in the cash may lose value due to inflation as the power of buying may reduce because of the inflation. The best way to use the cash is to invest in multiple products.

Before investing in something you must have research about it so you can secure your financial future. Make sure that you have spare the investing amount and you will not touch it unless you get a profit. This should be a long-term strategy in order to get out the big deals from your investment.

Here the most important point that comes in mind is that you never try to invest with credit card as it is not profitable because of the higher interest rate than profit of investment. This really is a concerning point which should not be ignored.

src

Another thing that needs to be taken care before investing is that you need to be prepared for any emergency that comes along the way such as related to health or others. You need to have seperate funds for this purpose. Investing money should be seperate from this. You need to be prepared for the ups and downs in life before investing.

If you have any debt to pay , you should get that done before investing. If not then you rae not going to make profit even on investment because you will have to pay the interest on the debt that you have not paid back yet. Thats why its better to pay off any debt before going for an investment.

src

After taking care of the steps mentioned above now you are ready to invest. Investing comes up with risks. You are not guaranteed a profit. This should be clear to you. You may get profit or may lose on your investment. It depends on many factors. It depends on that where you are invested.

Investing in Stocks and crypto can be profitable as well as give lose. Another good option is to invest with well established companies that have the ability to generate profit for you. Dont go behind the ponzi schemes as it will make your wallets empty. Just make sure that the company that you are going to invest is well ranked and registered. This will maximize your chances to make profit on your investment.

Thats it for today.
Thanks for reading.
What do you think about my today's topic? Let me know your thoughts in comment section.
In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.

About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.

Posted Using LeoFinance Alpha