Irrespective of whether you presently have money or not, I am sure you always dream of having a bunch of them at some point in your life. Somebody famously said “Money saved is money earned”, so the most important thing is one should always save money at regular time interval. No matter, how much you earn, you could be earning lakhs of them or may be thousands or even hundreds, what matters at the end of the day is how much you are able to save out of your earnings.
Now that you have saved some money, the next step is where should you invest the money? Do you think making good investments need a great mind ? Not really,the important thing is to control the greediness and fear, while taking decisions. If you show a little bit of interest, it should not take you more than couple of days or even hours to understand the fundamentals behind sound investing. Don’t ever think that investment needs a bulk of money. Lot of us have this misconception and think of investing only when they have loads of cash. You don’t need to wait till then, you can start right away by saving small amount every month. In a few years time, you will realize the importance of these small savings. This money will help you during problematic times, when you will really need it.
Now just by saving, you will not become a millionaire. If you become one, you will be the first one ever, as no one else has done so before 🙂 So you need to invest your money judiciously at right places. I will be covering the various investment avenues in my next blog post. Watch out this blog for more updates !!