A lot of people have made millions trading in stock or doing one form of business or the other but they have failed woefully when it comes to multiplying their investment and building up a reserve for their future. The small and medium class money investors and savers are going to suffer more from the current value and crash against future value: no thanks to the current biting cost of living.
Most don’t even know where else to invest their hard earned money or easy gotten money nor are they able to determine an immediate investment to grow their money; hence they become poor again after sometime. What a dilemma!
Yes it can all end in a negative way. When there is a need, there is always a solution, financial planning must always takes; center stage if you really need to take your personal finance to another level. Putting every money you earn into a planning system is like making all effort to clear full hectare of land and planting your entire seed on the plantation for a harvest but refreshing to weed or maintain the land.
Setting Investment Goals
To set an investment goal or target, you should look at your future (long term life) ambition first. Once t his is set in place you are home and dry. If you want to invest in a building project.
To be effective in using this part of this article you must make sure you have a pen and paper by your side because after now your life is going to change. Also you need to create a good spiritual atmosphere so that the Lord almighty will guide your decisions on your goals.
Now after setting the investment goals i.e. what you want to put your resources into, there is another goal which runs hand-in-hand with the main goal, this is the final goal.
The financial goal is very important because it is major ingredient that will enhance the fulfillment of your investment goal. A young man that has a future plan to own a house or his own or buy a car of his own must at the same time think of how finance this future ambition.
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