3. Invest wisely
The closer you are to retirement, the less risk you can afford. Before you make investment decisions assess the risk vs the return of such a decision.
- Shares (Higher risk, potential for higher income)
- Property (Medium risk, potential for steady income)
- Interest-paying (Lower risk, potential for some income)
You can also consider supporting a startup this can result in big gains, but many fail so it can be risky.
One common strategy is to create an investment portfolio spread across a variety of assets with different risk levels, such as shares, property, and bonds.
8
82 reads
CURATED FROM
How to See Through the Smokescreen of Gurus who Promise you Wealth
informationprime.wordpress.com
5 ideas
·510 reads
IDEAS CURATED BY
Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These ideas talk about how to use your money/income as a means to build wealth
“
The idea is part of this collection:
Learn more about personaldevelopment with this collection
How to write an effective resume
How to network and make connections
How to prepare for a job interview
Related collections
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