You need to invest your money for your wealth to grow. Otherwise, it will be difficult for you to become rich. I have not come across anybody who becomes rich just by saving money. The fact is, if you don’t invest your money for some decent returns, you will become poorer over time because of inflation. With inflation at work, the value of money decreases as things get more expensive. Hence, the purchasing power of your money decreases over time. With the interest rate offered by banks hardly able to cover inflation most of the time, can you afford not to invest your money? It is crucial to invest your money at some point in your life to be financially prudent. If you invest responsibly on a regular basis, you will eventually be financially free.
So, are you ready to start investing your money? Let me highlight five important factors that you need to consider before you start investing.
Kelvin is a millionaire investor and landlord. He is financially free by 39 with his assets generating multiple streams of income to sustain his desired lifestyle. Kelvin owns a multi-million dollar property portfolio in Singapore, Australia and Malaysia. He holds a Bachelor of Business (Dean's List) degree and a Business Management diploma. Read more.
Copyright © 2011 Kelvin Wong
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