How Much Can You Make From Investment? - Sharing Of My Personal Journey
Investing is a favourite topic among those who wish to achieve financial freedom. It is also a favourite topic for those who want to have more money in their lives. We invest for a purpose don't we?
Many people ask how to start investing? I even have readers as young as 14 or 15 who ask how they can start investing. It is encouraging to know that there are many young people who want to invest. No matter what the purpose is, investing is still important to build up a nest egg for retirement.
Many people start investing because of a reason. For me, I read books and thought investing could give me a better life. It could give me more money. Money seems to be a great motivation for many people to start investing when things are getting more expensive in the world we live in.
How Much Can You Make From Investment?
Reality starts to kick in when we lose money in investments. When we realise investing is not as easy as it seems. I too struggle for a few years before finding my right style of investing. Yes profits start to come in when you get the hang of it but honestly if we do not have a large capital to begin with, the money we make from investment is slow and little. How much can you really make from investing just $10,000? It is really quite little.
Setting financial goals for more investment capital
Realising that capital is important in investing, I set my financial goals to save up more. You can read more about my goals here. It was a painful journey. I saved up painstakingly throughout the years just to achieve a larger investment capital. Saving money became a habit after a few years because of this one goal "to achieve a larger investment capital".
However, this brought about it problems too which I've been working it out through the past 1 year. As I grow older and start preparing for my future life with my partner, I realised I cannot just keep saving through cutting expenses. There is really a limit on how much you can save. This is the beginning of another journey.
The journey to increase income
A few months back, I wrote a few posts on how I ditched my budgeting of tracking my daily expenses. This was written on April 6 2016. I also set myself out to increase my income in any way which is possible. In this way, I can still having savings while being able to have a higher expense. It is simple maths, if I earn $3000 and save $2000, I can only spend $1000 but if I earn $5000 and still save $2000, I can spend $3000. My savings is still intact while my quality of life increases.
You may have realised I write lesser on myself the past few months. I have been busy revamping my resume, finding new opportunities and going for interviews as I realise my income would rise painfully slow if I continue to stay in the same job. This was also sparked off from the encouragement of my girlfriend who encourage me to strive for a better career. The efforts paid off, I will be starting in a new job from January 2017 onwards. A new year, a new beginning.
Back to investment
Before financial freedom, there exist a stage of life where we find our direction and figure out what works and what does not work. We try investing, fail and try again. We try cutting our expenses, save up more, increase our income and then do it all over again. All these while, if we do not give up and keep on going, I believe life will work out better in itself.
The formula for better financial life is actually very simple. It is to earn more, save adequately and invest wisely. Financial freedom is not just about investing. As mentioned earlier, how much can you make from investment if you only have $10,000? Investment and financial planning must go hand in hand. It is the same as a couple in relationship, without one, the relationship will fail.
With a $100,000 capital, we can definitely make more money from investment as compared to a $10,000 capital. This is assuming we know how to invest and do it wisely. This is another problem on its own which I shall not expand in this post. Also, it is important not to lose too much money. Many people fall into scams thinking they can make more money investing in some "special" projects. Nevertheless, we do not just want to keep saving up for an investment capital and forget to enjoy life now. Lost time can never be re-winded back.
Meeting other like minded bloggers inspires me to keep on going too. The recent meet up with Uncle CW who blogs at http://createwealth8888.blogspot.sg/ inspired me again. He shared on how he manage to retire and even paid for his 3 children education through investing. Learning from someone who has already achieved it is a great blessing.
What have you done on your journey to financial freedom? Share with us here so we can all learn together.
Enjoyed my articles?
You can Subscribe to SG Young Investment by Email
Many people ask how to start investing? I even have readers as young as 14 or 15 who ask how they can start investing. It is encouraging to know that there are many young people who want to invest. No matter what the purpose is, investing is still important to build up a nest egg for retirement.
Many people start investing because of a reason. For me, I read books and thought investing could give me a better life. It could give me more money. Money seems to be a great motivation for many people to start investing when things are getting more expensive in the world we live in.
How Much Can You Make From Investment?
Reality starts to kick in when we lose money in investments. When we realise investing is not as easy as it seems. I too struggle for a few years before finding my right style of investing. Yes profits start to come in when you get the hang of it but honestly if we do not have a large capital to begin with, the money we make from investment is slow and little. How much can you really make from investing just $10,000? It is really quite little.
Setting financial goals for more investment capital
Realising that capital is important in investing, I set my financial goals to save up more. You can read more about my goals here. It was a painful journey. I saved up painstakingly throughout the years just to achieve a larger investment capital. Saving money became a habit after a few years because of this one goal "to achieve a larger investment capital".
However, this brought about it problems too which I've been working it out through the past 1 year. As I grow older and start preparing for my future life with my partner, I realised I cannot just keep saving through cutting expenses. There is really a limit on how much you can save. This is the beginning of another journey.
The journey to increase income
A few months back, I wrote a few posts on how I ditched my budgeting of tracking my daily expenses. This was written on April 6 2016. I also set myself out to increase my income in any way which is possible. In this way, I can still having savings while being able to have a higher expense. It is simple maths, if I earn $3000 and save $2000, I can only spend $1000 but if I earn $5000 and still save $2000, I can spend $3000. My savings is still intact while my quality of life increases.
You may have realised I write lesser on myself the past few months. I have been busy revamping my resume, finding new opportunities and going for interviews as I realise my income would rise painfully slow if I continue to stay in the same job. This was also sparked off from the encouragement of my girlfriend who encourage me to strive for a better career. The efforts paid off, I will be starting in a new job from January 2017 onwards. A new year, a new beginning.
Back to investment
Before financial freedom, there exist a stage of life where we find our direction and figure out what works and what does not work. We try investing, fail and try again. We try cutting our expenses, save up more, increase our income and then do it all over again. All these while, if we do not give up and keep on going, I believe life will work out better in itself.
The formula for better financial life is actually very simple. It is to earn more, save adequately and invest wisely. Financial freedom is not just about investing. As mentioned earlier, how much can you make from investment if you only have $10,000? Investment and financial planning must go hand in hand. It is the same as a couple in relationship, without one, the relationship will fail.
With a $100,000 capital, we can definitely make more money from investment as compared to a $10,000 capital. This is assuming we know how to invest and do it wisely. This is another problem on its own which I shall not expand in this post. Also, it is important not to lose too much money. Many people fall into scams thinking they can make more money investing in some "special" projects. Nevertheless, we do not just want to keep saving up for an investment capital and forget to enjoy life now. Lost time can never be re-winded back.
Meeting other like minded bloggers inspires me to keep on going too. The recent meet up with Uncle CW who blogs at http://createwealth8888.blogspot.sg/ inspired me again. He shared on how he manage to retire and even paid for his 3 children education through investing. Learning from someone who has already achieved it is a great blessing.
What have you done on your journey to financial freedom? Share with us here so we can all learn together.
Enjoyed my articles?
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