There are thousands of ways to invest, and I recommend that you explore each one and perhaps consider investing in most of them. The reason is that you often can’t make a mistake by investing. This is research on the three biggest investments most people will make in a lifetime.
1. Mortgage – This will probably be the most important investment you have ever made! We are talking about an investment of 30K plus. However, slow down! Once you are ready to buy your first home, I understand that the excitement is very real. However, there is nothing less exciting than being kicked out of the house and living with your parents. So before making this investment, make a thorough note and keep your ducks on top. As many financial gurus have repeatedly said, when investing in a home, be a turtle, not a rabbit! You will thank yourself later!
2. Education – When student loans move away from controlled environments, it can become the number one investment in the last few years. Colleges want every penny and every penny in return for a “remarkable” education. Unfortunately, most people are not in a position to argue. We need this education to find a good job, and we go to what we have to do for a living. Once again, be a turtle! Do research, workshop work, footwork, and all these goodies to make the loan as low as possible and then do the math. If you can’t pay your debt after 10 years of work for your college career, go ahead and sit down.
3. Income – To be honest, your daily work will never satisfy you. I’ve seen business start-ups and middle-class members take part-time jobs just because they want to get a new boat or a new car a little faster. Working in fast food requires such a kind of investment. You are not allowed to turn burgers in the back room unless you invest $ 100 in new skinny pants and slip-on shoes. Find an investment that will significantly increase your income! Personally, I would not spend my time on the minimum wage. In general, the higher the investment, the higher your return on investment!
Fear of long-term investment will cost you more than anything! Make sure you are properly informed and stack your ducks one after the other, then go and increase your mortgage, education and income with confidence!