Our schools really should be teaching us about how to Invest our time and money. We are always investing something, if you think about.
How you think of where to put money and time and how much of it to put can define your future. In this post, we are laying down what we are going to do at Investollo and what is the core of our service.
So how should you be investing your time and money?
And why should you be listening to us.
We are a team of Stock Brokers and Investment Professionals as well as Startup Founders and Authors. We’ve done our research and spent time in the Industry and we know how it works.
Your time currently is probably spent on
- Working out a little bit, maybe a sport
- A job
- Spending time with friends and family
For those of you who want to improve your financial and personal life in the future, you have to think of things you do now that can drastically make more time for yourself in the future.
When you grow older, it’s actually a race against time. You’ll have the money, but you won’t have the time to enjoy yourself and do whatever you want.
Here’s what you should Invest your time on.
9 ways to
9 ways to better your self-investment in Singapore1">
One Core Skillp>
A core-skill is what makes you sought after. You may be a very good designer; developer, marketer or you may be in Sales or an engineer. This main skill is what brings you money on a monthly basis. You always need to maximize this potential. In terms of developing your skill and also in terms of finding opportunities that make more money.
At Investollo, we break down skill sets and show the opportunities for a particular skill set and how to expand your potential and money-making capabilities.
The main thing about this is making more time for yourself and earning the same amount of money to maintain your lifestyle.
Never begrudge the money you spend on your own education.” Self learning is door to your highest potential. “If you work hard on your job you will make a living, if you work hard on yourself you will make a fortune
By: Jim Rohn
Other Skillsp class="p1">There are some complimenting skills that you need to make you earn more money in the future. You need to learn how to be a speaker and you need to know how to build a brand. All these skills are extremely important in getting ahead in life. Spending time on sites like Quora and answering questions in your niche can build your brand.
Getting speaking engagements teaches you about talking.
Healthp class="p1">Having a fit body lets you do a lot more in terms of physical efforts and also keeps your brain sharp by helping you learn faster. It also boosts your confidence and in the long-term saves you a lot of money in medical bills. This is an obvious piece of advice, but something that is rarely followed. You need to give time for the gym and time for eating right at home, if you have to cook your own meals. Even if you spend a little more money on healthier food options, go for it.
Networkingp class="p1">This word has taken such a beating over the past decade. Networking isn’t about handing your business card to everybody you see. In my personal life, I am writing a book, I run a business, I’ve sold a business previously and what all these things had in common were the people I met.
I met them in events, co-working spaces and coffee shops. They were absolutely random meetings. If your skillset is clear, then you are a valuable person and you could collaborate with people with much higher potentials.
So to be networking, be more open and talk to people randomly. Go to events, programs and places where you can meet new people. The right people play an important role to your growth. Networking enables you to work with extremely talented people.
Hobbies Hobbiesass="p1">Hobbies are good because they keep your creative juices flowing. This isn’t a job and you need to work on other aspects in life that isn’t a job. Hobbies require a different part of your mental make up and helps you think differently. It brings discipline without the pressures of work.
Pursue Opportunities"p1">This is what Investollo is about as well. We want to breakdown Industries and Business Opportunities for people to follow. You could want to do something part-time or something full time. Capital Intensive or Time Intensive. We believe there are a lot of money making opportunities for different set of people with different skills. Think of it as a stock market for business opportunities. We break down current trends and future ideas and industries like never before.
Friends and Fam"p1">A lot of people don’t take advantage of this simple but mind-expanding tool, books. Sitting where you are, you can expand your mind to include thoughts that you’ve never thought of before. Reading makes you creative, knowledgeable and lets your brain make connections of things that can be truly original to the world.
Friends and Family"p1">Time with Family and Friends is very important to keep your lighter side in the picture. This is the time where you love, laugh and live. This is what life is for ultimately.
Travel"p1">Travel expands your horizons like nothing before. You see how other people live, you see how other people communicate, the products they use and so on. Travelling gets your brain thinking of ideas.
Investing in Singapore for Beginnersthis aspect completely wrong. Where you put your money today, decides your future. Everybody is busy in thinking about their retirement. Just like you, your money can work for you.
Currently, people Invest money in
- Maybe a few stocks and funds
- A bond of some type
- Invest in a house
You have to be more deliberate with how much money you spend. The best way to be Investing your money is in
You – Picking up th
You – Picking up the right skills="alignnone size-full wp-image-6283" src="https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o.jpg" alt="invest singapore with no money" width="1052" height="592" srcset="https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o.jpg 1052w, https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o-150x84.jpg 150w, https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o-300x169.jpg 300w, https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o-768x432.jpg 768w, https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o-696x392.jpg 696w, https://www.investollo.com/wp-content/uploads/14689226_1124670587581210_769513958_o-746x420.jpg 746w" sizes="(max-width: 1052px) 100vw, 1052px" />
Investing money in your own education, skills, and grooming is extremely important. This is the ladder you consistently keep climbing even if everything else in life goes downhill. Pay money for courses and skills that will make you more in demand. Invest in good work clothes, because people do judge.
Invest in a speaking course, to be able to get speaking engagements. Invest in a ghost-writer to write out your thoughts about your industry to build up your branding.
Stocks and Shares and F
s is an obvious choice, but a lot of people make big mistakes here. If you don’t know where to put your money, hire a manager or a low-cost hedge fund to put your money in.
Your Businessesing a business, even a side business can be one of the best moves you can make in your life. It opens you to business without having to take a huge risk and lose it all. Generally side-businesses make you a decent monthly income. There are huge opportunities that people don’t tap into to improve their incomes considerably.
Other businessesng in other growing businesses is important. It is a must-have in your portfolio if you want to see immense growth. There are opportunities all around us and it’s definitely important to tap into them.
You need to remember that Bill Gates isn’t wealthy just because of his shares in Microsoft but because of his investments in other companies and startups.
Ways to Retire Rich in SingaporeWays to Retire Rich in Singaporeowner or a self-employed professional has to take his retirement into solicitude while planning his finance. They need to charge themselves for their retirement plans. Most of the time, people tend to sell their business which counts as their retirement plan. But that’s never a worth it idea for anyone to go so easy. Moreover, government pension plans are more of hidden revenue traps rather than a big help to the aged people. Thus, every wealthy entrepreneur or a professional requires taking stern measures for their future themselves. Let us find simple ways that will help you retire rich, especially in country like Singapore.
1) Pump up your Personal Wea
1) Pump up your Personal Wealthw.techopedia.com/definition/26411/direct-response-marketing" target="_blank" rel="noopener">direct response marketing? If no, then go about learning it. It is a technique that will let you track every single dollar you spend and the investment returns you earn from it. Consequently, do not get into marketing methods others tell you for these plans are designed for them to get wealthier at your expenses. They trick you out in a way making you believe you would earn huge but later you end up suffering.
Moreover, keep increasing the savings you take out from your business. A comfortable retirement is the one where you aren’t short of funds or do not have to regret for the ways you opted in the past to make savings. On an average, one should at least keep $1 million as savings every year.
2) Keep a check on your lifesty
2) Keep a check on your lifestylenced and savoured turns out to be a necessity. There did exist a time when people lived without smartphones, and they still lived happily on the earth. But today, with smartphones being available to us, it ‘s hard to think of a life without one. While you start earning more, you tend to increase your expenses automatically. Thus, do not make your increased income a necessity. Think of a lifestyle you have always wanted and look forward to while you retire. It will help you largely on realising what expenses you actually got to make today. It is equivalent to realising the value of money today considering the future.
Make more use of cash: The researchers show that paying in cash makes us spend 20% less compared to spending through cards. Though we are aware that the money is being debited from our bank accounts, it will have no effect on your increasing purchases. On the other hand, having cash will keep you feel realised about the expenses you make. One tends to cut the unnecessary costs then. Further, even if you use cards, prefer a debit card over a credit card. Our spending habits get wider with the greater powers to spend. We do not realise till the end how we end up being on loan rather than making savings for future.
Apply the 24/7 rule on yourself: what does the 24/7 rule say? It says that for small purchases, one should wait for at least 24 hours. However, take some days to consider buying large appliances. The time you take lets allows cooling up your mind and make you realise if you really want to purchase the piece. It not just enables you to know if it’s worth buying or not, but it allows you to look up for different alternatives. While decisions relating to colossal and luxury stuff like a new house or a vehicle is considered, then take a break up to 30 days. Bigger the investment better should be your decisions.
Spend time with happiness: Find out if purchasing things really gets you happiness. Is it more than spending time with friends and family? Look for what is imperative and buy. Rest, do not change the mediums of joy with high incomes.
Make a good money plan to do good savings
The theory to retire rich does not say spoil your present for the future. It is equally important to enjoy the present as it is to consider our future. Accumulate a specified percentage of your income for later times. Be it 20% or 25 that wouldn’t cut your contemporary lifestyle nor will lead you to suffer the future. Moreover, try to increase this percentage by 1 or 2% each year. You won’t even feel a pinch for sure.
3) Invest your savings
3) Invest your savingssavings and investment. Savings involve an amount of money that you keep aside for using it when the appropriate time comes. A real time is when you are short of money, and you require it. We save for the uncertainties. It is an investment of money that we cannot afford losing. On the other hand, investment is a method to keep the money worth value it poses at present. Today the value of money is not the same tomorrow. It diminishes. One makes an investment to ensure you do not lose the original investment of the money. Hence time value of money is a consideration. Thus, if you think spending all the 30 years of income will leave you to a generous requirement, you are wrong. You might end up saving nothing in the end without making investments. Look for the right opportunities where you ensure safety added with an appropriate valuation of money. That gets you saving good and retiring rich.
Final wordretirement. Some plan to work even then but fail to do so. Life has different stages. Every step is meant to enjoy in a different way. So is your retirement. It is not just pension people who enjoy their retirement. An intelligent planning can lead you to live a better one. It is a concern of how you undertake your present. Enjoying present along with making better plans for future is the best way to live life to the fullest. Follow the above tips, and you are ready to go in your old age.