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Make Money Online
Decision to either save money or invest.
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[QUOTE="King bell, post: 263827, member: 75687"] There are a lot of factors to consider when deciding whether to invest or spend. For example, the return on investment (ROI), risk, and time required. The decision of either spending money or saving it can be tough because they both have their pros and cons. With this in mind, here are four ways to help you decide which option is best for your goals. 1) Do you have any debts? For those who don't know what debt is: debt is an amount of money owed by one party (usually a company) to another that binds the debtor over a period of time typically with interest charges being made by the creditor according to an agreed upon payment plan. The most common kinds of debt are credit card debt, mortgage debt (when purchasing a home), student loans, car payments, small business loans, etc. One benefit to getting rid of debts is that you'll have more money available to spend on something else. Countries like the United States are being crippled by their debts and it makes sense for them to look for ways to reduce their debts as much as possible. 2) Do you have any savings? If you have a good amount of savings, then it's best to invest your money into something that offers a significant rate of return. Investments like stocks, bonds, real estate and other assets that produce a steady rate of return are usually good investments. You should never think of saving money as something that you don't need (like when you have too much saved up) by getting rid of it. Rather, put it to good use by investing it. 3) Do you have a long-term goal? If your goal is to grow your future income and be financially stable after you complete what you want that long term goal will show up in your lifespan and will be reflected in the amount of money that you manage to save over time. 4) Is there a need for your money? If you have a lot of debts and there's no way that you can pay them off any time soon you'll want to focus on paying those down. If you're in a small business, then it's best to invest because income produced by small businesses are usually affected by the economy and will decrease if they don't invest in their company. If you want to be financially stable as soon as possible, then debt reduction is definitely recommended. [/QUOTE]
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Decision to either save money or invest.
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