Fin Libra

How often should you invest?

At minimum, you should plan to invest on a monthly basis. Though, in the interest of convenience and consistency, many people choose to invest at the same frequency of their pay cycle.

For many people, the risk involved in investing can make the whole process feel a bit like gambling. But there is quite a big difference between the two.

1️⃣ Investments Have Value
🧷 For example, you receive ownership of the property you purchase when you decide to invest in real estate. When you buy stocks or mutual funds, you receive a portion of ownership in one or multiple publicly-traded companies. Even when you invest in precious metals, which tend to carry a higher level of risk than many other investments, you receive ownership of the precious metal.

2️⃣ Proper Investing Puts The Odds In Your Favor
💯 The odds in gambling are set to benefit “the house” in the long run. So, the longer you gamble, the more money you will lose, mathematically speaking.
Sure, you might win a quick buck here and there, but in the long run, the house always wins.

3️⃣ Compound Interest
🧷 As an investor, it is easy to take advantage of the power of compound interest. All you have to do is re-invest your earnings into the same investments producing gains, and your money will grow faster and faster.
To do the same thing gambling, you would have to win money, win more money with the money you already won, and so on. And since the odds are not in your favor, this is an improbable scenario. And by unlikely, I mean nearly impossible.

4️⃣ You Can Diversify Your Investments
💯 For example, you could invest in mutual funds, individual stocks, real estate, and much more.
That way, if one of your investments goes down and another one goes up, you don’t experience as great of a loss.
It is not an option when it comes to gambling. Since every gamble carries a high risk of losing money, diversifying your bets would likely only make your odds worse.

5️⃣ Humans Play An Important Role In The Outcome Of Investments
🧷 For example, when you invest in a company on the stock market, you put your money behind executives, employees, and other investors who all have a vested interest in the company to earn a profit.
And with all those people working hard to reduce costs, innovate, and grow the company, your likelihood of earning interest on your investment is perfect, unlike gambling.

Today we’ll introduce you to an introductory course on personal finance.

In our finance course, you learn how to counsel individuals on money-saving techniques and budgeting. You also know how to analyze personal finances and identify places where you’re spending too much or where you’re making poor financial decisions. Students can take this course outside of a degree program. Personal finance topics covered include auto loans, mortgage loans, and budgets. Taxation is also covered, including saving money to pay taxes and getting the most out of deductions.

What do you get:

✅ Basic books

✅ First 2 level Lessons

✅ Video Tutorials

✅ 3 webinars a month

It’s the best start for newbies and those just starting to understand financial matters. Go to our Fin Libra website to order and recoup the course thanks to new knowledge in the first month!

Financially literate person's checklist:

✅ Income exceeds expenses;
✅ There is an airbag - 6-12 of your monthly income or at least expenses;
✅ There are no ineffective credits;
✅ There are passive sources of income;
✅ Have a personal financial budget;
✅ Have a personal financial plan for life or at least a financial plan for the next 5-10 years.

It is just an essential checklist for self-monitoring.
Check out the Fin Libra website if you would like to work out your finance skills and financial literacy in detail.

FEATURES OF INVESTING IF YOU ARE 30-60+ YEARS OLD

Your investment strategy should depend on how far from your future, well-deserved rest you are.

We all understand that you will not always or want to work actively, and based on this, we make our plans.
In general, the period of your active making money, when you want to work and make money as an investment, is your maximum period of active investment.

Particular attention should pay to risks. Yes, there is the concept of an individual risk profile, which we analyze for our lessons in Fin Libra, but in general, you should guide as follows:

If you are 20 years old, then you have the opportunity to take risks. There is a lot of time to acquire more risky instruments, test them, incur losses.

If you are 30 or over, you should be less risky. Investing in some high-risk instrument, and even for the entire deposit, will be at least a reckless business. And the further you go, the less risky tools you can choose.

Once again, you can start investing at any age and start earning income!
It’s better to have capital you started to create at 50 than not have any money.