23/04/2023
Why invest your money?
None of this would matter if you’re not clear why you should invest your money. What is your WHY?
Warren Buffet once said you need to find a way to make money while you sleep. Otherwise, you’ll work till you die.
There are different WHYs for investing money. For most, it’s about making more money. For some, it’s about getting out of a corporate job. Some invest to have a secure retirement. Some invest money for emergencies. Some invest to buy a car or build a home. Some save to start their own business. Whatever is fine as long as it’s a strong WHY. I invest to gain financial freedom. Financial freedom for me is the ability to have peace of mind knowing that there is enough money invested somewhere so that whatever happens in my life, I’ll have enough money to take care of me and my family.
The idea is not to retire and party. But to have that peace of mind you get when you know that you have enough money invested somewhere. Grinding every day and living paycheck to paycheck sucks. Not knowing when your money would run out sucks. Feeling guilty to spend some money to buy something you love sucks. That’s why I invest. To create a rich life with peace of mind.
