The Best Place For Making Money And Long Term Cash Flow Money Growth
Some say that the best place for long-term money growth
is in the stock market or real estate. I feel that just like in any business endeavor
it has advantages and disadvantages. Everyone knows it’s a gamble but you can increase
your odds of making money in anything you do as long as you thoroughly study the market.
For me, I try to invest in anything that suit my needs and interests. For instance,
as you know, I’m into the internet marketing industry. I'm also into the music industry,
I like to travel, I like to read, I like sports, and so on. Therefore, I try to invest
in things that fit my needs and interests. But I truly feel that the best place for
long term money growth is in the internet and technology. To me, this is the best way
to increase your odds in making money and generating income.
As far the stock market, some say you should invest in things that we need everyday.
Like medical, gas, oil, food, clothing, shelter, etc. But it’s up to you.
“It’s different strokes for different folks”. Experience is your best teacher.
What make one person successful and what they did in life to become successful
may be different for another. You have to find your own unique niche to become
and stay successful in life.
I don’t know much about the stock market but I know the basic fundamentals behind it and
the understanding of what a "stock" is, how it is used, analyzed, distributed and how the
shares make profit. I’m more into internet marketing, mutual funds, and real estate. All
three of these can be an indirect form of "compound interest". The reason I say this
is because compound interest is such a beautiful thing! To those that are unfamiliar with
the term “compound interest”,(in terms of mutual funds) it’s how much you invest, how long
its set aside, and how much it grows a year at a certain percentage. First, mutual funds is
obviously a direct way of compound interest. But what I mean by an indirect way is, say if you
have an internet company or real estate company, they can build equity over time and the more
money you have, the better the return.
Now, as far as the stock market, to me its “iffy.” But not saying its bad because I’m
sure it has made many business owners millionaires. I guess in all fairness to say, its
probably "iffy" to me because I'm not a Warren Buffet and do not know a lot about it.
But my point is I generally try to stick with what I know and what I do best. When I invest,
I like to invest in places or things that I know nine times out of ten (through proper study)
it has a better rate on all my returns.
But if you are an entreprenuer like myself, you must take risks. You must take a whole lot
of them. This is another key in order to be successful because by taking prudent risks,
you WILL learn from your mistakes and as you learn from your mistakes in life, you become
wiser therefore moving a step closer towards success! It takes courage to take risks
because most people hate to fail at anything but my philosophy is, if your not failing,
your not learning. And to be totally honest with you, you are even more at risks by not
taking any risk at all!
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