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 low interest rate offered by banks that hardly covers 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.
Ready to invest your money? Let me highlight five important factors to consider before you start investing.
Kelvin Wong is a millionaire investor, author, and landlord in 3 countries. He currently owns a multi-million dollar property portfolio in Singapore, Australia and Malaysia. With his assets generating multiple streams of income to sustain his desired lifestyle, Kelvin became financially free at 39. He holds a Bachelor of Business (Dean's List) degree and a Diploma in Business Management. Kelvin writes about building wealth and achieving financial freedom in his free time.
Copyright © 2011 Kelvin Wong
Terms and Conditions