First of all, Why Invest?
Day and night, you work hard to earn your money. Investing is the act of taking control of your financial situation. It helps you earn a sustainable and predictable stream of income throughout your career and unleashes the ability to produce instant wealth.
Is Investment needed for all..?
If this question had arisen around 10-15 years back, the answer would have been "not a NEED." But today, the time that we live in, or rather the unprecedented times we live in and the sin wave generated in the global economy, invests a literal need of today.
The COVID-19 pandemic has pulled the world back from every aspect of life. But one of the most dreadful impacts was seen on each country's economy that has actually crumbled. Adding on to this, the inflation rate increasing every day is creating financial misery. The global population has learned a lesson about how important it is to have a good financial backup or financial aid that is the only remedy in such times.y
Since the people from all levels of financial background, right from a small business person, to a job professional and the biggest giants of the world have seen their savings and capital take a huge toll, it clearly states how crucial it is t invest and always have a "Buffer Capital"https://www.investopedia.com/terms/c/capital-buffer.asp.
Now, Where to start Investing?
There are some traditional methods of investment that are being used for decades.
1. Stock/Share Markets
2. Equity mutual funds
3. Bank fixed deposit (FD)
4. Real Estate
5. Gold
But all these ways require a lot of research, knowledge, and the most important factor. You require a base capital in hand to start investing in all these options. Also, the risk factor in these methods is something to be considered.
So does that mean that if you are a student, housewife, or someone who does not earn and is financially dependent...You cannot earn and invest?
The answer is ... A big NO..!!!!!
Anyone, literally anyone, can start earning in this period of life only if you have the most basic prerequisite of internet and a smartphone.
The only additional motto that these people need to keep in mind is. "Sell your Skill..!!".
The best option of earning by investments is to know how to make your skills "SELL-able" of sorts.
What can YOU do?
- TEACH YOUR SKILLThe most cost-effective method to earn is to teach your skill and invest your time in return for money and keep in mind that "skill" does not have a subject to teach. A skill can be music, artistry, photography, knitting, weaving, baking, and literally anything you consider yourself good.
- DIGITALISE YOUR SKILLThe massive impact that social media platforms have on our lives in the modern era is undeniable. To make your skill "sellable" to a large mass of people, it needs to come to an existence where thousands of people can see it. Writing a blog, being a blogger, a content creator, or a social media influencer, and a YouTuber can help many people get connected to you, which will give you recognition and money, of course.
- EXPLORE THE MARKET..!! Start venturing out and see the need of the market. Maybe open a small business based on your skills, any products, or a service you might be willing to offer. This can help you earn, which can be converted into investments and be multiplied.
- ALWAYS START small now that we have figured out several ways to earn you money with zero investment, now is the time to start investing and multiply the amount you have. As a beginner, you need to know that no investment option which will give you a desirable return will be 100% risk-proof. So take some time, d your research, and start investing in small portions always. So do not rush..!! Ypu can literally start investing with an amount as small as 100/- rupees.! Then gradually observe the market pattern and increase the amount for higher returns.
- KEEP YOUR RESEARCH UP-TO-DATEIn this digital world, every day; new investment options are arising. Crypto is the which has recently started being considered by investors worldwide. So always keep your research on for new investment options. Also, consider the risk factor and liquidity of your funds before investing them anywhere.
Concluding the parameters, YES, it is important to invest to have a security fund backup because the times and life is totally uncertain. When to start is subjective to every individual. But facts state that it is always beneficial to start investing in your late 20s. Even if you are not earning, Invest from your pocket money. But make some investment which is very crucial for the financial stability of an individual.
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