GETTING STARTED ON INVESTING Have you ever dreamt of owning your own house? Have you ever wished you were driving a newer car? Have you ever worried about financing your kids’ education? If you have, then congratulations! You have just taken your first step towards understanding what investing is all about. Although the word “investing” may sound intimidating to some, it actually refers to a process that is very personal and relevant to our lives. In order to achieve goals such as those mentioned above, we need to figure out how we are going finance them. That usually entails setting aside some of your funds. But we can’t just leave all our money in a savings account if we want to have enough in the future to pay for our financial goals. We want our savings to grow and that entails investing. So, how do you go about investing? Know Your Investment Objectives The process of investing begins with articulating your financial goals. As with most things in life, knowing your objectives is essential since this will help you determine what you need to do. So ask yourself these questions: what are you investing for? Why are you investing? Be as concrete as possible. Quantify your goals: how much do I need to buy that dream house? Do I need regular cash inflows to sustain my living expenses? If so, how much? And, finally, situate your objectives in time: when will I need the money? If you want answer for all of these...dont hesitate to ask.. We share financial literacy for free because its our advocacy to help Filipino people and also OFW.. To learn how money works for them.. Not only You work hard for the Money..
Posted on: Thu, 29 Aug 2013 12:19:42 +0000
Trending Topics
Recently Viewed Topics
© 2015