Finance & Money
6 ways to buy gifts on a budget
Finance & Money
July 06, 2021 By Budget Insurance
Scary as it is, it’s equally exciting to enter a stage in your life where you start talking about ‘investments’. That means you’re growing! The reality is that we may not be able to reach all of our goals now, but we can reach them at a later stage if we prepare, plan and invest in them over a period of time. Fortunately for us, there are many good investment options out there. But there are things you need to know and establish before hopping into investment. So here’s the lowdown on the basics.
> Are you ready to start investing?
Now that we’ve mastered how to save money, let’s learn how to invest! Believe it or not, investing requires you to prepare your mind and learn as much as you can. It really isn’t as simple as waking up one morning and deciding you want to invest. If any of the below describe you, you’re well on your way to starting investing:
What’s your plan?
Having a clear idea and plan for your investments better informs how you invest your money, where you invest it and for how long you invest it. There needs to be a bigger picture for you to stay motivated and stick to the plan, whether it’s building a legacy for your children, maintaining your standard of living long after you’ve retired, being able to live out your lifelong wish of buying your dream house or renovating, or even taking that dream trip.
<subhead> Investment options
There are several investment options in South Africa. Investing your money in the right place can be the difference between you gaining high profits and little to no growth. It’s important that you have an understanding of why you’re investing, so you can establish and have an idea of when you’ll get returns on your investments. You must also be aware that there are different types of investments that come with different results at different times. The three most common types are:
What do you benefit from investing?
Other than having your money grow, there are many benefits associated with investing your savings.
<subhead> The benefits of having a financial planner
If this is foreign territory for you, it is always wise to seek the advice of a financial advisor. Having a financial advisor to guide you and show you the ropes comes with many benefits, such as:
Now that you have the basics, spread your wings and take your savings to the next level. To creating generational wealth!
The information in this article is for information purposes only and does not constitute professional advice.
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