Investing is a great way to utilize money. If done correctly, you can earn much more money than you put into the account. In the book The Richest Man in Babylon (which I highly recommend), it gives interesting insight that is very true. It states: "Only trust your investment with men wise in your investment's dealings." In other words, don't trust a marketing analysts with your investment in agriculture. If you want to get ahead, you must also not spend the profit you get from your investment right away. That is like eating the "children" of your money that can make more money. Although investing is clearly a good way to make money, some disagree and say that investing is a waste of money. To be frank, if you are living paycheck to paycheck, you do not see the long term benefits of investing. To sum up, invest with people that know what they're doing. Don't spend your profits right away, and know that investing has a long term benefit to you.
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The Great Philosopher DavidAs a Archives
July 2016
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