Personal Finance: Investment: Why?
Why is it important that you invest?
- Value of money is decreasing due to inflation,
- Post-retirement funds if you wouldn't want to work your entire life,
- Build on your pre-taxable income & reduce your taxes.
23
614 reads
CURATED FROM
IDEAS CURATED BY
Community Content Curator 😌 Self Help ✨ Mental Health 😇 Productivity 📈 Career Success 🎯 Sci-fi 🎬 Coding 💻 Comedy 😹 Creativity ✍️ Human Relationships 🤝 Want a listener? 🗣️ Let's connect on Instagram: romilswritings
[3/4] Personal Finance is a very crucial concept that is often ignored. This is an attempt to spread awareness related to personal finance.
“
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Related collections
Similar ideas to Personal Finance: Investment: Why?
Week 6: Start Investing
Invest in index funds not individual stocks. Put your own behavioral psychology to work here. Invest automatically and over long periods of time.
Once you’ve covered the basics (aka index funds), allocate 5-7% of your income to “mental outlets.” This is money for you to inv...
A Definition of Personal Finance
Personal finance is about managing your own money - how much you spend, save, get into debt, and invest.
How you manage your money will depend on your age, education, ambition, family, and country of residence. While this guide will give you enough input to work out a stra...
How to retire early
A good early retirement strategy is built on maximizing three aspects: Income, expenses, and savings.
To build your early retirement strategy, you need to determine your retire early or financial independence (FI) number. It is the amount of money you need for work...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates