Investment Basics

Reuben Advani

Chapter Chapter 14 in Financial Freedom, 2013, pp 103-108 from Springer

Abstract: Abstract One of the most important things you can learn in life is how to invest. It surprises me how many smart, talented people I’ve met over the years who excel professionally and personally, yet show no interest in learning this life-enhancing skill. As we’ve learned throughout this book, money is a fact of life. If you choose to ignore it, you may fall short of your life goals. We’ve spent time discussing why it’s important to save your money, but what about the concept of growing it? One of the greatest clichés in the world is, “Your money should work for you.” I couldn’t agree more. Money creates opportunities for those who have it and those who use it. If you’re the one who has it, then giving it to those who can use it creates an opportunity for everyone. When you deposit your hard-earned savings in the bank, you earn a rate of interest. That interest can accumulate, giving you the chance to spend income you otherwise would not have had. At the same time, the bank is able to take the money you deposited and lend it to others who need to buy a home or start a business. In the end, your funds create income for you and opportunity for others. Sure, this is an oversimplified and arguably overly optimistic look at investing, but the simple principle remains: Money should be put to work.

Keywords: Initial Public Offering; Life Goal; Portfolio Theory; Simple Principle; Talented People (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-4540-7_14

Ordering information: This item can be ordered from
http://www.springer.com/9781430245407

DOI: 10.1007/978-1-4302-4540-7_14

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().