How Much Money You Loose By Not Investing

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How Much Money You Loose By Not Investing

Do you have an idea of how much money you loose by not investing? When you fail to invest the extra cash at hand, you tend to spend it on irrelevancies (things that don’t matter).

Investing is an essential part of any financial plan. Unfortunately, many people don’t invest their savings, offering a wide range of excuses for keeping their money out of the market.

The Benefits of Investing

Let’s assume you even decide to save the money, it would not yield any profits, it will always remain the same figure you left it. Hence, there’s need for you to have an investment of your own.

You might be thinking that it’s not possible to loose money if you decide not to invest it. Well, I will tell you exactly how you loose money when you do not invest it.

How To Invest At Every Age

1. There Will Be No Provisions For Retirement.

The day you walk out of your office and do not return is the day you start another chapter of your life. The fact that you retire from work does not mean you will retire from paying your bills, your children or other family bills.

This is one reason you need to have an investment, so that you would have something to fall back on after you are no longer in service.

The Best Way To Retire

2. Low Savings.

 When all you earn Is your basic salary and at the same time save from it, you would not have enough in your savings account. However, if you have an investment and you are making returns from it, you would have enough to save for emergencies and other things.

How To Build An Emergency Fund

3. Thinking You Do Not Have Enough To Invest With.

It’s not until you have a million naira or lots of thousand naira before you can invest. You can invest as low as 20,000 naira. When you have the I cannot do it mentality or it’s too little mentality, you will not do a thing.

No amount is too little to make an investment, as long as you have the right business in mind and you know how to go about it, voila you are good to go.

Investment Options: The Categories & Types of Investment