4 reasons why you should start investing your money in 2021.
You may have heard of the phrase, "Make your money work for you", and that is literally what it means to invest your money.
Moldy money does not generate value
If you save money in savings and never invest, probably 10 years from now you will still be in the same financial situation, as inflation is known to devour standing money, unlike companies / bitcoin that always has the tendency to increase the value when passing of the years.
Think if you had invested in bitcoin 10 years ago, or on google, amazon 20 years ago...
Compound interest is a formula for wealth
Einstein already said: "compound interest is the most powerful force in the universe", applying the compound interest on your investments means that any profit you make from the investment in question must be reinvested again. Amazon is known for applying this methodology in its company, all profit is converted into investment for the expansion of the company, result: it has become a trillion dollar company.
All large companies do this, some more aggressively and others less. You want to start a business or invest, thinking from the start of earning income to spend, you will probably never ever get rich, unless your investment is already paying off.
Investing gives you freedom of choice
When you have only one source of income, you become dependent, making it difficult to change jobs even if you hate your current job (especially if you have a family to feed). People who have other sources of income (from investments) can choose their jobs, holidays ... without fear.
Anyone can invest
Unlike in the past, nowadays everything is even easier, anyone with a cell phone can invest in stocks, cryptocurrencies ... But if you are one of those who say you have no money, know that in the world there are many ways to earn money by investing your time, for example: writing on hive, leofinance, noise.cash ... or through entrepreneurship.
In other words, the longer you procrastinate to not start investing, the longer it will take you to escape the rat race.
Posted Using LeoFinance Beta
