Growing up in a world filled with news about man’s incompetence is equivalent to living in a world filled with news about the failures of security and in this case, social security. It is unlikely that many people who are currently contributing to social security will see the monies they have invested into the system. Therefore, a need to invest. Investing needs to be in motion so as to serve as end reliance when other means fail.
Investing in your financial future is the greatest gift to one’s self and nothing can beat that. However, if you aren’t sure where to begin or how, perhaps, this article is for you.
Here are a few instances that elaborate the need for you to invest:
- If you have a job that doesn’t offer a pension plan or matching retirement fund
- Children will some day need dental work, medical services, and/or college educations
- A comfortable retirement
Here are the reasons why you should invest:
Investing in your financial future is not a means of reaching retirement even though that also comes handy. There are lots of great things you could do with the proceeds that comes after your investment pays off and below are a much of benefits you can enjoy.
Perhaps, you might want to change your home, maybe, move to a bigger neighborhood and have a nicer life. Buying a new home comes with a lot of expenses and you do not necessarily need the money upfront to pay for the entire house. While your normal paycheck takes care of your other bills, proceeds from your various investments can buy you a new home.
2. Sending Your Children To College
As a parent, you wouldn’t want to have your kids working their asses off in restaurants and bars, trying to save for school, while their mates are in school.. Investing wisely stops you from worrying about where the funds for your children’s education would come from. Give your child that dream education. Investing is the best way to do that.
3. The Need For Medical Expenses
Having an excellent insurance plan covers the cost of some expenses but what happens when you need to bear the burden of these expenditures that comes in form of deductibles and co-payments? Also, there are going to be unexpected medical and dental care, I am sure you wouldn’t want to be found wanting when that happens. Proceeds from your investments cover these other expenses.
4. You Might Want To Go On Vacations
However, apart from the need to have a more relaxing life when old age comes knocking, most of us sure would want to go on family vacations. There’s more nature has to offer, many sights to see, many fantastic places to go etc. Making memories and sharing these experiences with your loved ones is one of the best things. This is one of the best reason to invest.
5. You Are Independent
In the case of little emergencies, you will be able to settle whatever issue prevails rather than waiting on your insurance, or company to cater to your needs. Personal investments have a much better return than the average bank’s interest rate.
In conclusion, the reasons above have everything to do with your life and comfort. If you are yet to think about investing, the above reasons should serve as a guide.