Formula To Be Financial Free Part 4 : Investing
I have posted a post called Formula To Be Financial Free and Formula To Be Financial Free Part 2 : Budget , Formula To Be Financial Free Part 3 : Controlling your Debt and this is the part 4 of the series called Investing.
Formula To Be Financial Free
Achieve Financial Freedom = Budget + Control Your Debt + Invest
Investing is the last part of the formula to be financial free. This part is very important because it is a must for us to invest our money to achieve financial freedom. Everyone who is rich and financial free knows how to invest their money.
Normally, how we get our money? We take a job and get a pay check? We run a small business so we get the profit at the end of the month? Or any other way? No matter what is it, most of us is working for money. We are selling our time to our boss or our business and exchange it with money. That’s why we don’t have any freedom.
However investing is different. By investing your money, you can let money make money for you. So instead of you work for money, now money work for you! You see, investing make passive income for you! Now you get back your time.
Investing is risky? Maybe yes but maybe no. Depend how you invest. \r\nHere is some tips about investing:
1. Get ready to lose! Losing also is an investment, investment that will bring you knowledge and experience. By losing money, you will learn better. By losing your money until a level, you will win and the good news is you never lose again!
2. Get ready to learn! You must learn a lot to invest. I meet a lot of people simply invest in stocks market without learning what is stock. So they end up with losing money, then they call investing is risky. We must learn and do a lot of research before we invest, if not you are not investing but gambling.
3. Get ready to take risk! Every investment do have its risks. So before you invest, please prepare your mindset to take risk. I know some people will become sleepless after they invest because worry about their money. If you one of them? Then you better get ready mentally before you invest.
People always think that investing is risky. This is because they don’t use the tips of the investing above. So now you and I know it then we must prepare ourselves to world of investing. Good Luck!
Here is the link to Part 1 ,Part 2 and Part 3 of this series.