subject: Why You Need To Invest Those Greenbacks [print this page] Why You Need To Invest Those Greenbacks Why You Need To Invest Those Greenbacks
Why You Need To Invest Those Greenbacks
By Robert Bland
Does your job supply all your needs financially? Probably not unless you have a killer job making six figures. Most people have a hard time making ends meet on one income. If you have a spouse who has an income, thats a plus,but sometimes still isn't enough. You need to invest !
Why should you invest your money? Why not just put it in a bank and earn interest? Because in a bank you only earn up to 5% in good economic times as opposed to investing where the rates are much higher ! This will give you a residual income that is ongoing. This means more money for the things in life that you want to do !
When you work your job you get paid for the hours you put in,and thats it. More hours more money-less hours less money. Its a trade off. The sad thing is you are limited to how much you can make.
You can only work so many hours a week and you're only going to get so many raises from your
boss. He's not going to make you rich, just himself , at your expense. You're the one putting in 40,50 even 60 hours a week with no time or energy left for yourself or family. And if you own your own business, you'll be in charge, but will have no more free time to enjoy life, probably less. Not to mention the headaches of having to do it all This is why you have to have multiple steams of income.
Investing is the way to go.
It gives you that residual income not just now ,but ongoing year after year from just a one time
investment. Thats not to say you can't invest more in the same stock or plan and see it grow even
more. You can have multiple investments all giving you streams of income consistently earning
10-15%, and thats a modest earning. There are higher rates,but with more risks of course. Stocks do go up and down ,but thats the nature of the game. Statistics show however that investments grow over the long haul and people retire comfortably.
Remember this is not a get-rich-quick scheme. This is being smart with your money and planning
for you and your family's future to have more income and more quality time together and there's
