Greetings my lovely Steemians hope you all are doing good, I really want to thank this wonderful community @steem4nigeria for this great contest so today I will be talking about important of investing lets get started.
Edited with flyer design
introduction
First of all, investing is a process of giving resources mainly money with the conceivability of Making profit. You can invest in asset which are procurement of real estate with the confidence of reselling it in future at higher cost and you can also invest in ventures like using your money to start a Business and you can also Invest in time by investing on selfskill.
You can invest putting money into shares, property, commercial venture or financial product with the expectation of gaining profit”.
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Investing is an effectual way of building wealth and also putting your money to work. It is important you let your money to work for you just as you dedicate time to work for money as well , investing produce security financially because it help you make supplemental income even before retirement and also increase your wealth.The amount you invest and the timeline you are searching for and the returns you are expecting rely first depends upon your investment goals.
It is best your sow so you can reap good in future and it is best to start early.
Education is another great investment, my parents invested on me by training me to school and get a degree so that I can contribute my little quarter to the labor market and educational investment help to reduce crime, promote right and reduce poverty.
Invest in Education.
importance of investing
It help to beat Inflation:
It is best you invest your money and not just leave it in your savings account the money will fall in purchasing power as the value will be eaten by inflation and inflation is the increase in the cost of living and also indefinite amount of money. For example you are working in a company and you are paid #100, you will remove #80 for the family upkeep and #20 for saving but instead of saving that #20 in bank ,it is best you invest it even if the profit is 10% it is good that way so when the price of things rises that #80 wouldn't be enough you will add another #5 Making it #85 that means inflation as enter the money and you will be left with #15 for investing.
Invest your money stop saving it.
Retirement Plan:
It is not good to depend on salary income to meet our need only but venture into other business,invest because definitely you will retire and it's not your company why don't you prepare for your future so it won't be difficult to live when you retire or you are fire from a job or contract finish and everyone is dismissed. So it is best you invest part of your salary earnings during your working years so you won't struggle after retirement., though government do pay pension to retired staff but it take years before the payment most times" it is good you lay your bed now,so you can sleep on it later."
Lastly it's best you become financially independent than financial dependent because some people if they don't pay them salary they can't survive, very bad.
Reach Your Financial Goals:
It is best we set our aim on financial goal for example you are married and haven't given birth and you have alot of money it is best you invest for your children education so when they finally arrived,you won't struggle financially to settle their educational bills by borrowing too many loan you can't pay back.Also investing is a way of achieving financial goals for yourself. You can build a house and put it on rent because more financial responsibility comes up as we grow through life.
It Help in Tax Efficiency
In Nigeria most of the taxes are collected from their salary and there are several account the taxes are pay to and government as created an account for citizen to fund their own retirement so once you retire it will be paid to you.
in conclusion
You need the appropriate device to discover winning investment and it is best to take risk because investment is long term in nature and are proportionate with a guarantee risk.
I think the idea of a retirement plan is very invaluable to everyone, though this comes in different forms, most families depend on their kids and they become their retirement plan.
I find this post very educating and enlightening, thanks for making this post.
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Exactly sir, educational investment is very necessary thanks for taking your time to read my article am grateful 🙏
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