Investing Strategies for Adults : Effective Ways of Making a Profit with Low-Risk Investments. Working Just 1 Hour a Day with Little or No Experience by T.D. Matthew

Albert Estrada
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Joined: 2023-04-22 19:24:07
2024-02-21 22:51:44

1

KNOWING YOUR WHY
In part one of the book, we will focus mainly on developing a long-term
investor mindset and understanding some of the fundamental concepts
of finance and the world of investments that will lead you directly to
success. One of the first things you should know before starting on this
investment path is why you invest. People do not always invest for the same
reasons: some people want to save for when the time comes to retire, others
want to become rich overnight, others want to take advantage of certain tax
advantages offered by investments, and others want to earn extra income,
and of course, others want to achieve financial freedom. Therefore, the first
thing you must do is define your objectives through investments, since in
this way, you will know which are the most suitable for you and which are
the most-recommended investment mechanisms. The problem with many
people is that they start investing without a clear objective, which is never a
good sign. Beginning to invest without a clear purpose is like starting to sail
on the high seas without a compass or some direction in which you want to
go. That is why you must know your why before making any move as an
investor. There are many reasons why you should start investing, but these
reasons may differ for each person; you must understand that what is
suitable for some may be bad for others in the world of investments.
Throughout the book, you will learn a series of strategies that will help you
make your own investment decisions, unlike many people who get carried
away by the information they see on social networks. Or what some famous
entrepreneurs or investors say. For example, some people only invest in
well-known companies because they believe that these companies will
never go bankrupt and that, therefore, they will be able to obtain a lot of
profits. However, it is essential to know that just because a company is
well-known does not mean it is a good investment for you. There are many
cases of companies that are widely popular and have clients from all over
the world that are unsuitable investments. It is likely that your favourite
brand or company may not be a good investment for you since you must
first do an analysis that allows you to know certain financial aspects of that
company to determine if it is an excellent long-term investment. In the same
way, you need to know that there is a series of habits you will need to
acquire if you want to begin to be successful in the world of investments
and multiply your money in the long term. All these aspects are questions
that we will be looking at during the first part of this book since they are the
essential foundation that will allow you to understand and apply the
methodologies taught in the various chapters of this book.
WHY SHOULD YOU INVEST?
Without a doubt, investing your money is one of the most important things
you must do in your life if you want to plan a financial future where money
is not a problem. However, many people still do not understand the great
importance of investments in their lives, which is why, in this section, we
will review some of the most important points about why you should
always invest your money. One of the essential things you need to know is
that if you want to improve your financial situation, investments are your
only solution. In other words, if you want to become a millionaire, have

Investing Strategies for Adults : Effective Ways of Making a Profit with Low-Risk Investments. Working Just 1 Hour a Day with Little or No Experience by T.D. Matthew

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