What comes to your mind when you mention the word investing? You put your money in insurance, mutual funds, the stock market or investments, even at high power? Do you think you have to learn to invest in stocks or real estate? The word defined by Webster Appendix 1: commit (money) to get a financial return 2: to be used (something) for future benefits or advantages. Some people think that investing on the financial situation when they retire and have nothing for retirement, or when they die, and they have nothing more to their children. Others shudder at it when they hear the word “invest”, it says do not have money to invest or they think it is too complicated a topic to think about it, and they are sure that they suffer a financial loss. Many people are investing heavily in food supplements, do personal trainers and beauty therapists, live longer, healthier and look even younger. Just on the advertising budget for beauty products and even plastic surgeons look! All this may have legitimate concerns when it comes to investments, but I think the most important investment a person do in his life … Invest in itself. The most important is the No. 1 and rule “Invest in Yourself” is – if you do not, who else? Your parents in your education only invest until you leave college. and make important findings on financial education to learn. Think about it: Did you rely on schools and universities to teach you how to make money? Most universities do not give you the knowledge to help you earn money work for other people. What is a Business School? Honestly, if teachers are business experts, companies, why they are still conferences should a fortune in business? Would you like to get your boss to be in the business successful, so that one day you’ll be in his place? You and only you, be proactive enough to take responsibility. No, he knows that to earn the best way for him, money is keeping you where you are. You see, when you invest in yourself, it means less than the importance of education. Education is not on academic or technical sense, but what are the skills to be developed in life. But your training does not stop at the university. For most working adults, is their training in its late phase, when they leave university. You stop learning and so they stop growing. They grow only on the side too much to take or eat pizza during their busy lunch hour. We know that IQ is important, right? But why are not the most intelligent people of the world’s richest in the world? There are many accountants and financial planners rushing to their cars every evening trying to beat the traffic load after work! You are not rich! You can be comfortable, but they are not rich! How about EQ or emotional quotient with? You work hard, good attitude and a positive frame of mind to solve our financial situation have? They are important when running a business, but let me explain: If you drive from Miami to New York with the “roadmap” is wrong, you can not get to your destination, no matter how fast you want your car (hard) work ! go You can work harder, but you do not win at the wrong target faster! You can be the best attitude in the world, or positive thinking, but you are not in New York (although the trip would not bother, because you feel positive about it are), you need first to invest in your financial IQ. After good financial IQ is not tons of money in mutual funds or dipping save based on financial advice is free. It is investing less beginners. It develops a healthy relationship with money and build a large number of assets that generate money for you in the future. What it takes to develop your financial IQ? Delayed gratification is one of the most important aspects for developing your financial IQ Take this as a hypothetical example. Would you rather pay a liter of milk or a cow? If you buy milk, it is consumed, and it’s over. You buy milk, again and again, if it is done. Even if the milk is less expensive than the cow in the long run, you will always buy milk again and again. Well, if a cow would cost 50 times more than milk, you can pay through the nose when you buy the cow. But after 50 pints worth of drinking milk from the cow, you break even on your investment and more money in the future. In fact, the cow give birth to two or more calves, and you can sell one of them to win! Get the idea? Everyone is capable of wealth creation. If you have an old car and beat him to take the paint with a fresh new paint, and change even run a few new parts, you can sell the car, more money than if he just blow a old car. You have created the wealth in the process! What is a farm? If you have a farm at a resort getaway home country, would not the value of farmland and over? This is the same for cooks, computer programmers and craftsmen. The sum of the whole is greater than its parts. We all have the ability to create wealth, even from the air and is the first step to get our creativity. The value of what is set by supply and demand. You do not need to be a Major in Economics to understand. Money is just an idea. not the true measure of money is the one hundred U.S. dollars represents. This is the value that money can be exchanged cons. If you have a product that people want to have developed, they pay more for you than for someone else? Want to use your skills in the creation of good asset if you knew that people see value in you, the asset is more than you act? The bottom line is this: Invest in assets that provide long-term value. Anything that brings you more income, is an advantage. Do not invest too much debt such as cars or boats. This is not the investment expenditure. The houses are not as assets until complete recovery (If you have lost your job tomorrow and you can not pay for your house, your house an asset or a liability?) Are you ready to get out of your comfort zone and pay the price for financial education, or to ignore the signs of time, and wait for your boss (who you can fire), the government and the Bank to take care of yourself financially for the rest of your life, live below your potential, and never undertake risks, to improve the future of your family? You’re the only one who can answer this question.
This articles has been rearranged for educational purposes only.
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