A lot of people say that it’s always challenging and difficult to save money while investing. Could this be true?
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A lot of people say that it’s always challenging and difficult to save money while investing. Could this be true?
The financial activities of saving and investing money goes hand-in-hand with each other, and obviously the main purpose why an individual will have to invest money is so has to boost his or her savings, and on the other hand to be able to invest more money in the future on future investment opportuRead more
The financial activities of saving and investing money goes hand-in-hand with each other, and obviously the main purpose why an individual will have to invest money is so has to boost his or her savings, and on the other hand to be able to invest more money in the future on future investment opportunities and options that are likely to show up someday, an individual is expected to save money now. Obviously an individual can save and invest money at the same time, and doing so will prepare his or her financial future to remain stable even when the economy he or she resides in face instabilities like recession or inflation.
See lessIt could be challenging to some and easy for some. Challenging because there is one source of income, alot of debt to cover, taxes to pay, health and feeding the whole family will probably takeup the whole of your savings including investment. Doesn't know how to manage. Easy to save and invest becaRead more
It could be challenging to some and easy for some. Challenging because there is one source of income, alot of debt to cover, taxes to pay, health and feeding the whole family will probably takeup the whole of your savings including investment. Doesn’t know how to manage.
Easy to save and invest because you have multiple streams of income, you plan and make a budget and work towards it, you keep some percentage of your income in not just one place, at least having several platforms for investing is beneficial. A wise man knows how to put all his eggs in different baskets, inorder to enable him determine which goes for which, i.e this investment is for family upkeep, this other investment is for retirement, this investment is for emergency etc.
So sometimes being strategic with your finances allows for easy investment as well as saving at the same time. Also having a financier or financial manager to give insights on how one could save and invest should also be considered.
See lessCurrently, there are many platforms for both types of savings and investments that make it easy for customers. If you are interested then you can of course invest and save at the same time. There are also money or gold savings platforms available, so you can choose the right one, even if you want toRead more
Currently, there are many platforms for both types of savings and investments that make it easy for customers. If you are interested then you can of course invest and save at the same time. There are also money or gold savings platforms available, so you can choose the right one, even if you want to still be able to invest. To make this article easier, I will give an example: for example, every month you get $30 in idle money, where will you allocate your money to an investment platform or a savings platform. To do both, you can choose a mutual fund platform with a minimum investment of only $1 and you can invest $15 every month. Next, you can allocate $15 to savings in the bank or gold savings on a trusted platform.
See lessYes it is very possible to achieve this and doing both is actually the best. Relying on savings alone would not make you rich cause you simply saving your money to spend later in the future. While investing would help generate profit, while investing you still need capital to do other things hence tRead more
Yes it is very possible to achieve this and doing both is actually the best. Relying on savings alone would not make you rich cause you simply saving your money to spend later in the future. While investing would help generate profit, while investing you still need capital to do other things hence this is where your savings comes into play. In other to achieve this, you need to be willing to make a lot of sacrifices in terms of the things you buy, the places you go and how you spend your money in general.
See lessI think it is possible to do both saving and investment at the same time. Though it would be so challenging if you do not have much money. That way, you can choose what to go for. In such a situation, I would personally choose to invest the little I have. This is because investment will help you notRead more
I think it is possible to do both saving and investment at the same time. Though it would be so challenging if you do not have much money. That way, you can choose what to go for. In such a situation, I would personally choose to invest the little I have.
This is because investment will help you not only keep the money but also multiply it. Saving is best when you have a specific target in mind. Otherwise, why not invest the money and make your portfolio grow. Then you can earn more profits.
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