by Teja Lakshman
Investments
their impact travels a long way!
Investments are like this water drop...they create ripples, that remain for a longer time...
Investments are the life line to financial freedom. The best time to invest is many years ago and the next best time is now. Yes, today is the best day for the inception of your investment plans.
Before you begin reading this, I want you to go grab a piece of paper and a pen. Yes, seriously, grab a pen and a paper and write down you financial goals. Different people have different financial goals.
Maybe you want to clear off your debt. Or start your own business, or create wealth for you kids, or travel once every 2-3 years. The goals change according to person. So, go ahead and write down you financial goals. Take time if needed
Now after you have written down your goals, i want you create a Cashflow statement. This gives you an idea about how much money you have in your hands to invest. Based on this, you can choose the type of investment to make.
You have to remember that different types of investments give different kinds of returns. Also, different investments have different types of risk associated with them.
Next, go through the below investment options. Click on each of them to know more about each type of investment option.
(The links are under construction. Please come back later)