Best Investment Plan
Investment is the amount of money which we spend into certain asset, from that we expect in return our amount with bonus (extra amount) after certain period.
For money purpose we invest our saving into assets that provide us best returns. For example:- gold, mutual fund, bonds, equity etc.
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For money purpose we invest our saving into assets that provide us best returns. For example:- gold, mutual fund, bonds, equity etc.
We do invest because we need money in future for different purpose of our life. This is a good habit but I am not talking here about assets of better returns in money terms.
People save maximum money as they can. But Is this the right way to handle financial troubles? at least this has been working since long time so we are following it without thinking other alternatives.
When we plan about retirement and after that. We assume a simple workless life with certain amount of pension and residing home with children and grand children.
We all think this as an ideal old age life. Of course this would be beautiful.
As a second thought, Is this the ideal retirement age lifestyle must for us or certain?. Are we really need this?
My point is that don't assume there are not other alternatives. May be you prefer this pattern but life isn't certain, it isn't fixed for everybody in the same way.
So there are some assets that you should consider now for the better future.
First asset is you and your body
Yes, a human body is the most priceless asset. if a human keeps it+ healthy and in good condition including his mind than his asset can serve very well in whatever his age. Lets imagine if your body would healthy you can do anything to survive well in any condition and also you can fully enjoy your life with your good instinct.
fortunately to keep healthy all is in your hands and this take your time, effort and awareness.
People doesn't think that if they will suffer with some diseases what is the point to build property for future and saving money, if you can work with body even your old age, this will keep you active and independent that time, you don't have to worry about any pension.
Second your skills
You know very well that more than one skill need for better employment possibilities. When financial crises happen and if you are at wrong place, your others skills will save you. In some period of life our forgotten skills or intentionally leaned things can be savior for us.
Skills can be in your hobbies or in your interested area which couldn't become your career, so keep them alive by doing them persistently.
Third is Life partner
The most awesome thing of your life is your life partner who stay with you until death. he or she could be your support system all the time in terms of financially and emotionally. If you make sure that your partner is able to earn or being working then your financial responsibility will be less, i am not saying that it is necessary, of course this would be depend upon your family terms. You can make this possible by your intention, support and money.
Fourth is your children
You know about this already and all parents want to see their kids successful.
Fifth is some kind of asset
A asset like property or business, shop, something which is able to make money. A investment which doesn't grow itself is useless. For example a car or house which can run on rent.
That asset should keep by side for extra money that money can invest in your financial assets or retirement plan.
So I hope you will consider the very important investment point which have been ignored by us, that actually must be consider when we prioritize our money to invest. These elements are arranged on the basis of meaning full purposes and for a happy life.
For better financial knowledge and understanding you can read the famous book" Rich dad Poor dad" by Robert T. Kiyosaki.
of which link is given on site on right side.
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