"INVESTING THE RIGHT WAY"
What is the right way, you ask?
Let's take a look at this process.
Plan
- Start with the "WHY"
Planning your investments begins with understanding WHY you want to invest.
Just like you do not book flight tickets for a vacation without a destination in mind.
Similarly you should not invest your money without a goal in mind.
Process
- Focus next on the "HOW"
Once you know your goals and when you want to achieve them,
you must determine how much money you need to achieve each goal.
This will help you decide how much money you should save and invest to achieve your goals.
Product
- Proceed with "WHAT" to invest in
The focus should then shift to where to invest your hard-earned money so that it can grow and help you achieve your goals.
The mistake most people make is to start with choosing where to invest their money.
Instead, they should start with the first step, which is planning their goals.