The Stages Of Investing
By: Nikolaus Huebner
Two steps of why saving and investing are important.
Saving is important because it has the money there when you need it for anything that you want and you can get it right away. Investing is important because you will invest into something and if whatever you invest in makes a lot of money you will earn some and already be ahead of some investors.
One tip and example of a saving option.
Saving option #1- Savings account--- When you begin making money you should use this to have access to your money whenever you need it.
Second tip and example of saving option.
Second tip of a savings account--- When you use this there will also be a little interest added to your money for "emergencies".
Two tips of investing and examples.
Tip 1: Invest in something that you won't lose money on! You want low risk so you don't lose money and you want to make money off of it. Also you want to be able to make a good money return if you start to lose it.
Tip 2: When you are good at this you want to invest high dollar so if they make alot of money then you will earn a larger amount. You also want to make sure they are a good company or make a good profit daily.
Thank you!
Thank you so much for your time and I hope these are helpful tips for you in the future when you start saving and investing to become a professional investor. Good luck!
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