In life, one of our greatest fears is to grow old without financially security. It’s horrid to think that after all your years of hard work, you end up asking your children to take care of you – to pay for your food, shelter, medicine, and other things you may require when old age comes. While I know many children will voluntarily take care of their parents without being asked to, I don’t think parents appreciate the idea very much.
I mean, it is one thing to feel loved and looked after by your children and another to become completely dependent on them. I think that no parent wants that to happen. I’m a parent myself so I should know. A future where your children take care of you because you have no other way to fend for yourself is just too hard to swallow. We work day and night to make sure that our little babies get off to a good start in life but we don’t do it just so they can take care of us when we’re old. We do it so that they can stand on their own, with or without us. Betraying this mission by becoming excess baggage in the future is simply a hard reality to admit. So as early as now, we have to invest in financial security (Check it out here: https://www.investopedia.com/articles/younginvestors/08/generation-y.asp). We have to make sure that when old age comes, we won’t be a hindrance to our children’s brimming futures. I think a financially stable grandparent who can gather all of his or her grandchildren together for a Sunday date is a future that I can look forward to. And I know that you probably want this kind of future too.
This is why the first thing you need to do is to find out how you’re going to get there.
First of all, a day job is not going to make you rich. Like, have you ever heard someone make a success story out of a bookkeeper’s life or something like that? Don’t get me wrong, there is absolutely nothing wrong with having a day job. In fact, people who work blue-collar jobs keep the economy bustling so I highly commend hardworking people who are very patient with their 9 to 5’s. What I’m saying, however, is that a day job is not going to cut it. If you dream of something bigger, something better, then on top of your day job, you have to think of other ways to grow your money.
I’m talking about passive income.
Passive income is money you earn without having to work (hard) for it. I know that this sounds impossible but trust me, this is real and you can do it too. One very important and common source of passive income can be found in stock trading. Yes, stock trading is a good way to earn a good load of money without having to work hard for it. If you want to know more, you can view website here.
Some people invest in jewelry; others invest in land. While these two are very good money-growing options, I still believe that stock trading outdoes them all. The first two mentioned are long-term investments. You won’t see your money grow until decades later when inflation has naturally taken its course. Stock trading, on the other hand, grows your money faster. And the best part is that you don’t have to wait for large-scale inflation to happen before you can profit from your investments. When you learn how to choose and time your trades right, you’ll be able to hit the jackpot in a few years’ time.
You might be wondering “If stock trading is so easy, then why aren’t people doing it?”
Let me stop you there. People ARE doing it. It’s just that not everyone is doing it. Many people tend to think that stock market trading is very tedious and difficult that they refuse to take part in it. Well, news flash guys! It’s the year 2019 now. In today’s time, there are many programs and software that can help you trade. You can have zero knowledge about trading but with the help of trading software, you can trade just like a pro!
You can start this new venture little by little. Learn it thoroughly as you go along. You don’t have to invest all of your savings right away. You can start with what little money you are willing to gamble.
See how it goes from there.