Yan1
Active member
Since money is something you will always need, it’s important that you make plans as early as possible to achieve your dream.
Sometimes, you’ll need lots of money to accomplish major goals — like buying a home or paying for college. To make sure you have enough money to do these things, you should set clear financial goals and work towards achieving them.
You need to plan for the day when you can’t earn any more money through your labor because you become too old or sick to work.
When your money is invested, the invested funds produce more money — called a return. The mechanism by which money earns more money — and the amount it earns — will vary depending upon the investment. When your money is lent to someone (like a government or corporation) that pays you back with interest. When you invest in stock, your investment can earn money because you have a small ownership interest in a company, which may be growing and generating revenue.
If you save enough money, you can acquire things like a home or a college degree can that help you earn a good income. And, you can live off the returns your money earns so you won’t have to trade your labor anymore. In this case, you have the ultimate in flexibility because you can do what you want in life and your needs will still be met.
The sooner you begin saving money, the more your money can work for you — especially if you are taking advantage of compound interest. Compound interest occurs when you earn a return on invested funds, and you then earn a return on that return. It can help your money to grow quickly. If you invest when you’re young, compound interest over many years can turn a small investment into a substantia
Sometimes, you’ll need lots of money to accomplish major goals — like buying a home or paying for college. To make sure you have enough money to do these things, you should set clear financial goals and work towards achieving them.
You need to plan for the day when you can’t earn any more money through your labor because you become too old or sick to work.
When your money is invested, the invested funds produce more money — called a return. The mechanism by which money earns more money — and the amount it earns — will vary depending upon the investment. When your money is lent to someone (like a government or corporation) that pays you back with interest. When you invest in stock, your investment can earn money because you have a small ownership interest in a company, which may be growing and generating revenue.
If you save enough money, you can acquire things like a home or a college degree can that help you earn a good income. And, you can live off the returns your money earns so you won’t have to trade your labor anymore. In this case, you have the ultimate in flexibility because you can do what you want in life and your needs will still be met.
The sooner you begin saving money, the more your money can work for you — especially if you are taking advantage of compound interest. Compound interest occurs when you earn a return on invested funds, and you then earn a return on that return. It can help your money to grow quickly. If you invest when you’re young, compound interest over many years can turn a small investment into a substantia
