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What is Investment?
Investment means putting your savings in an asset created to help you grow your money. In other words , an investment is making some sacrifice today in the hope of getting a better return in future .
An investment always concern the outlay of some resource today like time , effect , money , or an asset in hope of getting a better return in future . Investing is really about "Working smarter and not harder. Before invest your money you want to learn some basic knowledge about investment , here are the top investment books The Psychology of Money , The intelligent investor , Rich Dad Poor Dad .
Top 10 Investment :
- Your Health
- Your Career
- Your Side Hustle
- Stock Market
- Real Estate
- Mutual Fund
- Bonds
- Cryptocurrency
- Public Provident Fund
- Fixed Deposits
Health is important than anything else , because it is essential for overall well-being and a key determinant of an individual ability to lead an active and productive life . If you are planning to earn a lot of wealth that all will only happen when you are fit and your body system supports you .
Investing your health is a best investment for you and your family . Health insurance provides financial production in case you has a serious accident or illness . It gives you access to a network of doctors and hospitals , and other resources to help you to stay health.
Your Side Hustle :
A side hustle is a way to make more money outside of your 9 to 5 jobs . This jobs is help you to make lot of money that will give you the freedom to pursue your passions . Some side hustle ideas are Fiverr, amazon , Instagram etc.
Stock Market is a place where people can buy and sell pieces of companies . In stocks market, the prices are varying every second because of supply and demand .
Before investing in the stocks learn the basic of finance and accounting . Make sure you know to read a balance sheet and profit/loss statement of the company. You must understand key financial ratios like PE , PB
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