1. Let your Money work for You
You must have heard this sentence hundreds of times; Investing means your money works for you, not you work for money! It is real! The return money you earn through your investment allows your money to build, creating wealth over time.
2. Reduce taxable income
As an investor, you may be able to reduce your taxable income by investing pre-tax dollars into a retirement fund. If you generate a loss from an investment, you may be able to apply that loss against any gains from other investments, which lowers the amount of your taxable income.
There are plenty of ways which you can invest and tap into tax benefits at the same time. Don’t rush into anything, but remember that the longer you leave your money sitting idle, the less time you have to see your money grow and build wealth.
Investing can throw up many choices and huge opportunities, but it is better to get on the right path now, rather than leave it too late.
3. Personal financial freedom
Investing does not necessarily mean trying to become wealthy; It rather means escaping financial restrictions by making some extra money without spending time or energy. The truth is that sooner or later you are going to stop working. Your social security may not be enough to cater your needs, therefore, the need to start investing now become more vital. The investment will help you generate money for retirement, buying a new house or starting a business.
4. Additional Money
With a portfolio, you will have another source of income which you can merge with the earnings you are already making to bolster your financial muscle. You can start investing today irrespective of what position you find yourself. What counts most is your financial freedom.
5. Beat Inflation
Following on from the point above, it is an economic inevitability that the money you made yesterday will buy you less tomorrow, due to inflation. For that reason, it is essential that you make your money grow, and save it from being devoured by rising inflation.
6. Look to the long-term
Following on from the point above, there is a lot to be said for long-term thinking. ‘Rome wasn’t built in a day’, so the saying goes, so you can set your sights on a long-term ambition and steadily work towards it, watching your money grow after you have invested it wisely.
7. Plan your retirement
While women typically live longer than men do, women also retire with less retirement income. If you choose not to invest, you will lose money to inflation and run out of money in retirement – do you need any more reasons to invest?!
Retirement is a time to enjoy the fruits of your hard work not scrimping and saving, and it starts with investing now. For this reason, it is wise to allow your money to grow, so that when you retire, you have a satisfactory pot of money with which to enjoy your later years.
If you are interested in investment in Turkey, you can contact us online or on Whatsapp. Choose your investment package from here.
