Are you still saving money to retire?
Well here is the truth: It doesn’t work! Think about it. Currently the interest rates are way lower than the inflation. That means whatever you save loses value each year. Or in other words: The more you save you lose!
This is why savers these days are losers. In Europe interest rates are at 0% (actually they are even negative) while in the UK and the US it doesn’t look much better. So, you don’t want to be a saver in this environment.
If you seriously one day want to retire and live the good life where you have an abundance of money, saving doesn’t help you. You need to become an INVESTOR!
So where is the difference?
Well the saver puts money in the bank or in an insurance policy and hopes for the best. Overseeing that in many cases once the monthly payments stop, these instruments are actually losing money due to all of the overhead costs. The investor on the other side finds ways to put her money to work and gets a return. That can be from real estate investments, licenses, patents, their own company or – one of the most rewarding: The stock-market.
Do you understand an investment?
There is another difference. Obviously, it doesn’t take any knowledge to be a saver and to lose more and more money each year, while as an investor you should have the knowledge of understanding what you are doing. The first thing to consider is whether you understand an investment. Then how secure it is and/or how you can hedge your risks. Once you understood these things, the next question is, does the investment give me a return AFTER inflation?
I am always surprised how many people jump into investments without understanding them. Or even worse: Rely on their bank advisor for “investments” which all too often result in the sales of insurance policies.
Hint: if you take advice from someone that works for someone else for a living they obviously no nothing about how to create money in abundance. Another thing to think about.
What is the solution then?
Learn how to become an investor, how to generate income from the money you already have and how to get to a point where your investment income pays for all the bills. If you want to know more look at our free trainings, speeches and materials to get you started or any other trustworthy source. Stop being a saver and do the smart thing: Be an INVESTOR!
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Happy investing ☺
