Three essential types of Investment
- 🕑Time
- 💰Money
- 🧠Brain
Time:
Whether you want or not you are using it, and no matter what you won't get the last one second again.
You have to take charge and decide whether you want to spend time or invest time.
Like I am writing this article late at night and I am trying to get the best out of my time by investing my time in writing this, instead of doing this I could have slept now or maybe scroll my social media feeds, but now I am taking the charge and doing something productive. Anyways by now, you must have understood what I mean by investing time.
Time is so important you need time to learn and earn.
To enjoy the benefits of Compounding i.e. the eighth wonder of the world you need to give time to your investments.
Money:
Why is it important?
It is important because even if you are getting income every month at some age you have to take retirement from the job so after that you will not have fixed income every month you will have to survive with what you have saved while you were working.
Wait Wait, there's one more point here, even if you keep your money under your bed or in a savings account, you will end up into big trouble. The point here is you need to be invested.
Let's assume that my age is 25 now and I will retire at the age of 60, and I live till 80; today my per month expense is Rs.20000 what do you think how to money do I need per month after the age of 60 to maintain the same expense at the age of 60.
Believe me or not assuming the inflation rate at 5%. I would need Rs. 67727.
What is inflation? Inflation reduces the purchasing power of money; like today if you can buy 50 kg of rice at Rs. 2000 after a few years you won't be able to buy 50 kg of rice at Rs. 2000 you will have to pay Rs. 2000 + (extra) to buy the same quantity of rice so the extra amount paid by you is due to inflation.
Will you, not be able to survive without investing money?
Of course, you will be able to survive somehow even the beggar and rag-pickers are surviving without savings and investing. You have to ask yourself a question, will you be able to live or survive under the circumstances in which beggar and rag-pickers can, I am sure your answer is "no".
If it's a no, I highly recommend you to save and invest your money. Don't worry I will cover in coming blogs on how to invest and how much to save based on your income and risk-taking capacity.
Brain:
Investment in your brain is the best investment. Don't believe me.
Hypothetically, suppose that Warren Buffet lost all his money in one night. What do you think will he be begging on the streets next day, well I don't think so, since he is very good investor across the world he will raise fund again and would start earning again, of course, this process will take some time. He might even earn better than last time.
The money will come and go, time is not in your control, invest in your brain for earning the best returns.
Unfortunately, most of us are doing the opposite of that, we buy clothes, cosmetics, jewellery which are inessential, but we've got to ask ourselves are we reading books, listening to podcasts, attending seminars, learning new skills.
That's all for now until then keep investing wisely and grow yourself and your money.
Stay Tuned!
I will come with a new blog soon.
- 🕑Time
- 💰Money
- 🧠Brain
Time:
Whether you want or not you are using it, and no matter what you won't get the last one second again.
You have to take charge and decide whether you want to spend time or invest time.
Like I am writing this article late at night and I am trying to get the best out of my time by investing my time in writing this, instead of doing this I could have slept now or maybe scroll my social media feeds, but now I am taking the charge and doing something productive. Anyways by now, you must have understood what I mean by investing time.
Time is so important you need time to learn and earn.
To enjoy the benefits of Compounding i.e. the eighth wonder of the world you need to give time to your investments.
Money:
Why is it important?
It is important because even if you are getting income every month at some age you have to take retirement from the job so after that you will not have fixed income every month you will have to survive with what you have saved while you were working.
Wait Wait, there's one more point here, even if you keep your money under your bed or in a savings account, you will end up into big trouble. The point here is you need to be invested.
Let's assume that my age is 25 now and I will retire at the age of 60, and I live till 80; today my per month expense is Rs.20000 what do you think how to money do I need per month after the age of 60 to maintain the same expense at the age of 60.
Believe me or not assuming the inflation rate at 5%. I would need Rs. 67727.
What is inflation? Inflation reduces the purchasing power of money; like today if you can buy 50 kg of rice at Rs. 2000 after a few years you won't be able to buy 50 kg of rice at Rs. 2000 you will have to pay Rs. 2000 + (extra) to buy the same quantity of rice so the extra amount paid by you is due to inflation.
Will you, not be able to survive without investing money?
Of course, you will be able to survive somehow even the beggar and rag-pickers are surviving without savings and investing. You have to ask yourself a question, will you be able to live or survive under the circumstances in which beggar and rag-pickers can, I am sure your answer is "no".
If it's a no, I highly recommend you to save and invest your money. Don't worry I will cover in coming blogs on how to invest and how much to save based on your income and risk-taking capacity.
Brain:
Investment in your brain is the best investment. Don't believe me.
Hypothetically, suppose that Warren Buffet lost all his money in one night. What do you think will he be begging on the streets next day, well I don't think so, since he is very good investor across the world he will raise fund again and would start earning again, of course, this process will take some time. He might even earn better than last time.
The money will come and go, time is not in your control, invest in your brain for earning the best returns.
Unfortunately, most of us are doing the opposite of that, we buy clothes, cosmetics, jewellery which are inessential, but we've got to ask ourselves are we reading books, listening to podcasts, attending seminars, learning new skills.
That's all for now until then keep investing wisely and grow yourself and your money.
Stay Tuned!
I will come with a new blog soon.
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