The investment could be money and time both. At first the concept of financial discussion came to my mind was, "Today's earning can be the tomorrow's investment." Later I alter two words but both are right. If today I'm earning my plan for future is investment to make more money or earning. We all individually want to improve our personal finance. Some of us prefer providing service and some prefer business. In service we are investing time and energy and working for monthly fixed salary and in business we investing time, money, energy and intelligence to run it successfully.
Now many of you will prefer service more than business as the service only need time investment. Business has risk too but business gives us a life of king where we can hire people and none can rule us as employers rule employees. Anyway that's another topic not so commercial so I prefer talk about the point I've mentioned on the title of this blog. Today's investment can be tomorrow's earning and this is for the business we are doing or thinking about to launch. And for service providers today's earning can be tomorrow's investment for a side business to make more decent money.
The investment could be for passive income or active income depends on managing and investing time or team management. A person who is good at team management can plan for a side business beside having a full time job. Investing on crypto could be a source of passive income but it depends on the person's patience and capacity of investment. Side business is a good idea as the earning could be good enough day by day. A big investment can be profitable if the source can be selected wisely. High risk has two possibilities, either big loss or big profit.
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Why I choose the title to make the discussion as blog? Because I believe in investment at first and then earning. Either I will invest time or money but more or less earning should be guaranteed. Honestly I'm not a risk taker but a little investor that can bring decent money in future if everything goes according to plan and nothing unexpected happen in life. I suggest the same to my friends to ensure their financial freedom for future.
Only earning and investing is not enough, we are missing something between these two and that is saving. Saving can help us investing more in future or help us when we badly in need of money. Things are related to each other like when we earn we can save and later we can invest too, likely when we invest, we expect earning profit and we can save from the profit. And when we earn good amount of profit from our investment, we can plan for passive income source like buying a house and use that for rent, we can use the building for a hostel business or also for commercial purposes that can bring more money.
Without money ideas can be a waste and without effective ideas money has no good use. So having the best decision when you have money in your wallet will be wise. Today's investment can bring a lots of profit if you wise invest it after a good research. Investment shouldn't be luck dependent or without any research. People who do such kind of investment mostly do gambling or betting not business. A business required a proper plan, research and team work can help it growing faster. Financial experts can explain it better, I'm not a financial expert or advisor but I try to follow them as much possible.
