Why Save And Invest?
By Tanveer
Siddiqui
It really baffles me when people who work so hard for money don't
want their money to work harder. Managing money is one of the
most important and most difficult things in life. We all work
for money. We toil day and night, sacrifice our leisure, and leave
our near and dear ones and go abroad to brighten our prospects.
Then why don't we make our money work for us. Remember, saving
and investing is not about putting your money in a haphazard manner
and investing somewhere just because one our friend or relative
has told us to do so.
By saving and investing I mean putting your hard earned money
to good use so that you can earn maximum profit from your investments.
There are many people who believe in earning and spending today.
Little do they realize that they are partying all the way to disaster?
A day will come when we'll have to quit the job and relax. But
would we really be able to relax? Who will look after our expenses?
After our retirement income will cease whereas expenses will be
as they were before. We work hard throughout our life so that
we could live a comfortable life and provide the same to our children.
A major chunk of our income goes towards children education, marriage
and providing them with money till they are on their own. Children
are dependent on their parents till they grow up and the situation
will be just the opposite when we retire.
Do we really want the
situation to reverse? Will we be comfortable asking for money
from our children? Well, there is no harm but still the answer
is a big NO. Also if we consider the growing inflation our expense
will grow by leaps and bounds by the time we retire. It's better
to sacrifice some leisure now rather than compromise later on
when we are on the brink of retirement. When we are young we can
face hardships better but as we grow old we tend to become weak
in all aspects be it physical mental or psychological. So at least
in one aspect we should be very strong and that is financial and
that we can achieve only if we save and invest regularly.
http://www.investorcamp.blogspot.com
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