VENGA WORKS

When I was a child, my parents always told me to save my money. They bought me a beautiful box and told me to put every penny I ever got in that box. I do not know why they want me to do that. At that age, I prefer to use my penny to buy some lollipop like other kids do.

Today, I have my own life and live separately from them. Now, I know why they always told me to do the saving. I remember a couple years ago, when I was fired from my job because of some mistakes I made. If that time I did not have any savings, I probably could not defend my own life and begged my parents for help. I am very glad that was not happened. Savings will help you when you come to the time of difficulties.

Yesterday I met I friend of mine who told me about how they make much money from his investment. He has retired from his job and has a steady income from his investment. I have never do investment before because all I have ever known is saving.  This is a new thing for me. I only know that investing is for rich people and that was risky.

Fortunately, my friend is a kind of person who likes to share. He shares with me all his knowledge about investment and how he got his own financial freedom.

The basic things for an investment is do not use all your savings. Most people fall to these mistakes. When they met a certain kind of investment, they tend to look for the profit and not pay attention at the risk. Do not let your greed take control of yourself, think rationally.

Determine how much your savings you want to stay remain in your bank account. It is important to keep about six months of living expenses in case something happened to your life. I do not want you to face the situation I met before without any money.

If you already spare your own savings, next step is to set up how much you can afford for your investment. If you are an employee and have a regular income, you can plan to use a portion of that income to build your investment portfolio over time.

It would be a wise decision to get help from a financial planner. They will help you set up your budget and make sure how much of your future income you will able to invest. Investment will give you more advantages if you do it in the right way. But always remember that every investment has its own risk. So choose your Investment carefully.