Everything about money needs to be planned
If you want to build a new home, you would need more money than if you just wanted a vacation or something else. With that said, the rate of return depends heavily on how much risk you're willing to take and what type of investment you make. The return could be anywhere from as low as 2% (with absolutely no risk at all) to 300%, with a lot of risks involved.
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If you're looking into investing, you must know exactly how the market works. You'll also have to decide whether you want to invest in stocks, bonds, mutual funds, ETFs, etc. There are a few different ways to look at it depending on your situation.
For example, if you want to retire early, then you should probably focus on generating enough income. That means buying dividend-paying stocks or bonds to generate passive revenue. However, if you don't mind working until you die, then maybe you can afford to take more risks and put your money into higher-risk investments.
Either way, you will need to do quite a bit of research before deciding which path to go down. This is not something you want to rush into; otherwise, you might end up losing a ton of money or making a bad decision. It's best to start by reading about various strategies and theories, and seeing what others have done in terms of investment returns.
Then, once you feel like you understand the process, you can begin putting your money where your mouth is.
You may never become rich unless you learn how to invest wisely. In fact, there's nothing wrong with wanting to be financially successful and wealthy, as long as you don't let your desire for wealth get the better of you. If you're going to gamble with your money, you'll have to be prepared to lose it.
That being said, it's possible to turn your life around if you really work hard and stay focused. Just remember that success isn't something that happens overnight. It takes time, effort, and patience to reach your full potential.
In the end, you'll need to make sure that you're willing to do whatever it takes to achieve your goals. Otherwise, you might find yourself in over your head when things don't work out as planned.
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Dear my lady @iskafan!
It's late but happy new year!
I wonder when the day will come when my dear lady won't write articles about money!?
There is a proverb like this in East Asia.🙃
Rich people make plans to spend their money
But, Poor people think about making money.
It's not late for us. Today is 1st January here.
Happy new year to you too
Lol. I won't stop. I'll keep preaching about money. 😃