Yes, this is where the value of money comes in. Everyone in this world wants money and does everything to earn money. I guarantee you can never be rich overnight until and unless you win some jackpot.
The best way to assure that you will be rich one day is to invest your money. Investing not only means investing in equity or stocks. There are different ways of investing, which we will come to know in later articles.
So why should you start investing? There are different reasons for that. Let's go through them one by one.
Accumulate wealth for next generation
Investing in some real instruments can help you transfer your wealth to your children and then to grandchildren.
Financial Freedom
9-5 jobs won't give you financial freedom. There is a famous saying- "Salary is the bribe someone pays you for sacrificing your dreams." So my opinion is to work for some time and start a business and invest. This can generate wealth before your 40s.
The earlier you start investing, the better returns you get.
Albert Einstein once said - "Compound interest is the eighth wonder of the world. He who understands it earns it… he who doesn’t… pays it". Yes, that's true. Read about compound interest vs. simple interest here.
My conclusion is that everyone should start investing before their 20's and generate massive wealth before their 40's. Investing doesn't require you to work. It's the patience that's needed the most.
Start Investing today. Happy Investing
