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Why You Should Invest In a Home
Investing has become increasingly important over the years, and even more so as the future of social security benefits becomes unknown.
People want to insure their futures, and they know that if they are depending on Social Security and, in some cases, retirement plans, they may be in for a rude awakening.
What happens after they no longer have the ability to earn a steady income ?
Will welfare payments of any sort still be around? Investing is the answer to overcoming unknowns of the future.
You may have been saving money in a low interest savings account over the years. Now, you want to see that money grow at a faster pace.
Perhaps you have inherited money, or realized some other type of windfall, and you need a way to make that money grow.
Again, the answer is in investments.
Investing is also a way of attaining the things you want, such as a new house, a college education for your children, or expensive toys.
Of course, your financial goals will determine what type of investments you choose.
If you want, or need, to make a lot of money fast, you would be more interested in higher risk investing. High risk investing will give you a larger return in a shorter amount of time.
On the other hand, it may also give you no return at all. Just remember the blind investors who beat a path to Bernie Madoff
If you are saving for something in the far away future, such as retirement, or even extended nursing care... when the time comes,
one will want to make safer investments that steadily grow over a longer period of time.
The overall purpose for investing is to create wealth and security. It is important to remember that you will not always be able to earn an income.
Eventually, you will retire. They may have to push you out of the door, but you will leave the work force.
You also can not count on the social security system to do what they promised so long ago.
As we saw with Enron, Kmart, and now Sears, you can no longer depend on your company retirement plan.
So, again, a smart investment is the key to insuring your financial future, but you must make sound investments!
Buying a property to call your own is perhaps the safest, smartest, investment you will ever make.