Why You Should Invest
Why You Should Invest
People want to ensure their futures,
and they know that if they are depending on Social Security benefits, and in
some cases retirement plans, that they may be in for a rude awakening when they
no longer have the ability to earn a steady income. Investing is the answer to
the unknowns of the future.
You may have been saving money in a
low-interest savings account over the years. Now, you want to see that money
grow at a faster pace. Perhaps you’ve inherited money or realized some other
type of windfall, and you need a way to make that money grow. Again, investing
is the answer.
Investing is also a way of attaining
the things that you want, such as a new home, a college education for your
children, or expensive ‘toys.’ Of course, your financial goals will determine
what type of investing you do.
If you want or need to make a lot of
money fast, you would be more interested in higher risk investing, which will
give you a larger return in a shorter amount of time. If you are saving for
something in the far off future, such as retirement, you would want to make
safer investments that grow over a longer period of time.
The overall purpose in investing is
to create wealth and security, over a period of time. It is important to
remember that you will not always be able to earn an income… you will
eventually want to retire.
You also cannot count on the social
security system to do what you expect it to do. As we have seen with Enron, you
also cannot necessarily depend on your company’s retirement plan either. So,
again, investing is the key to ensuring your own financial future, but you must
make smart investments!
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