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If money is flowing right off of you and into the pockets of others then was it ever your money in the first place? Investing is crucial if you want to hold onto some of your money and build wealth.

 

The reason for this is that holding your money as cash in a bank account will earn minimal interest that is likely to be less than the rate of inflation. This means that the value of your money will in fact decrease in terms of its purchasing power. 

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“HOW MANY MILLIONAIRES DO YOU KNOW WHO HAVE BECOME WEALTHY BY INVESTING IN SAVINGS ACCOUNTS? I REST MY CASE" - Robert G. Allen

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Investing your money is where you will exchange your money for an asset. This asset will then hopefully go up in value over time.

 

If you educate yourself you can choose the best assets to invest in, that will give you the best chance of making a return on your money.  

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"THE BIGGEST RISK OF ALL IS NOT TAKING ONE" - MELLODY HOBSON

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There are only two types of assets you should consider investing the majority of your money in for the long run. These are businesses (stocks) and bricks (property).

 

Although property can be a great asset to invest in, unlike stocks, investing in property requires a lot more knowledge and is by no means a hands-off investment. Therefore, if you are not knowledgeable about property then I would focus on the stock market to begin with. 

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You can invest in businesses through purchasing shares. Businesses sell real things to real people and will continue to do so over your lifetime. In addition, property will continue to provide spaces for people to live, work and play.

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Remember investing is a long term game. You should plan to invest for at least 5 years to give yourself the best possible chance of a good return on your money. 

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"IF YOU RISK NOTHING, THEN YOU RISK EVERYTHING." - GEENA DAVIS

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