5. Achieve your financial goals Investing money is... - Deepstash
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5. Achieve your financial goals

Investing money is one of the easiest ways to achieve your financial goals. As you age, your financial needs develop as well, giving you different financial requirements in life. For an individual, it usually begins with the purchase of a house. Even if you fund your decision through a home loan, you need to pay up a substantial amount of down payment. By investing in a mixture of assets, you can build up the finance to pay up that down payment.

Making any investment is better than making no investments.

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The importance of investment decision

The importance of investment decision

What is investing?

Investing is not a ‘one size fits all’ game. It can mean different things to different individuals. For some people, it can mean securing future benefits such as their health or skills, while for others it may be a means for generating income from profits. It gen...

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4. Beat inflation

If you simply keep your money or salary in your bank account,it can slowly start to lose value as inflation increases and eats away at your purchasing power.While the inflation rate reported is quite low currently,education expenses and health expenses are skyrocketing at ...

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Why it is important to invest

Why it is important to invest

1.Higher returns of investment

Once you’ve come to know the importance of investment decisions, you’ll understand the variety of investment options available. Investing funds within an asset include a trade-off as the investor goes through the maturity period in the present to gain somethin...

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2. Retirement Plans or FIRE

Most of the people who invest money do it to live a comfortable life after retirement. As a huge portion of people solely relies on salaries, it becomes a challenge to sustain their lifestyle when it is time for retirement. This means everyone has to understand t...

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3. Tax Efficiency

Investing can help you cut down on taxes with accounts such as the TFSA, RRSP, Roth IRA, 401K, and others where the taxes on making investments are next to non-existent. As the government has reduced their responsibilities towards retired individuals, they have created suc...

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I like to motivate and give advice to others. I want that everyone should be successful in their career with their skills and passion...

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20%: Savings

20%: Savings

Finally, try to allocate 20% of your net income to savings and investments. This includes adding money to an emergency fund in a bank savings account, making IRA contributions to a

Maintain a personal balance sheet

It’s a statement wherein you can jot down your assets and liabilities.

  • Pull together your bank statements and other proofs of the liabilities
  • List down your assets like the bank balance, all investments, home value, and value of other assets.
  • Take a sum of all th...

When To Take On Debt

Debt is a liability unless you use it to finance income-generating assets. Don't take on debt for anything that does not increase in value over time.

Suitable forms of debt include buying real estate as a rental property, investing in your business, or a student loan.

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