Whether it is investors, potential investors or general public who is looking to start investing, everyone gets excited the minute they have extra cash on their hands and one of the usual plans is to invest it for quick profits. People want to start making their money work for them and that’s a very understandable and rational thought but sure enough one needs to be practical about their finances as well. There is a lot of due diligence and groundwork that goes into understanding the financial markets before one must start investing and it’s for their best as well!
An investment making company will generally help you get started with your investment and offer you end-to-end insights into how to make more money and how to invest money to achieve your financial goals. However, there are a few things you as an investor must consider before approaching any Asset Management Company or getting started on your investment journey.
Here are the top things one should consider before they start investing to make more money:
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“I‘m living so far beyond my income that we may almost be said to be living apart.” – E. E. Cummings.
“A large income is the best recipe for happiness I ever heard of.” – Jane Austen
“If there is anyone to whom I owe money, I’m prepared to forget it if they are.”Errol Flynn
“If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.” JP Getty.
“Undermine the entire economic structure of society by leaving the pay toilet door ajar so the next person can get in free.” Taylor Meade.
“It’s morally wrong to allow a sucker to keep his money.” WC Fields.
“You should always live within your income, even if you have to borrow to do so.” J Billings.
“October is one of the particularly dangerous months to invest in stocks. Other dangerous months are July, January, September, April, November, May, March, June, December, August and February.” Mark Twain
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Dying without leaving a will is a bad idea.
If you haven’t made a will, then you have made a mistake, everything you own will be shared out according to the law instead of in accordance with your wishes. This could mean your estate passes to someone you hadn’t intended – or that someone you want to pass things on to ends up with nothing. For example, if you’re not married and not in a civil partnership, your partner is not legally entitled to anything when you die. If you’re married, your husband or wife might inherit most or all of your estate and your children might not get anything. All of this can be avoided if you make a will, setting out your wishes.
Oh, and if you needed any more persuading, if you do die without having left a will, all your assets are likely to be frozen until the estate is sorted out, which can mean hardship for your loved ones in the meantime. And it’s much more expensive to use the courts to reconcile an estate, so there’ll be less left over for your family too. It really is a ‘no brainer.’
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