Money is Meant to be Used, Not Saved
If you have a sturdy savings account or stacks of cash stowed under your mattress, you’re not doing yourself as much good as you should. There might come that one rainy day where you do get to take a hammer to that piggy bank of yours and pick up the few cents within the shattered shards to cover some emergency expenses. But that’s not what money is meant to be used for.
Money needs to be used in order to have a purpose. You leave money frozen in an account with the hopes of it being useful in the future. However, that money can be made more useful right now than it will be tomorrow.
I’m not talking about deciding “screw it” and buying that Lambo you’ve always had googly eyes for. The key is to put your money into smart investments. Here are a few of them.
- The first is to invest in stocks, bonds, ETFs, and things of a similar nature. The investments don’t have to be very risky but that all depends on your knowledge relating to the stock market. Whatever brokerage you build an account through, be sure to diversify. You can also have accounts with several brokers as a way to diversify your brokerage access. This is a process that gives money use by making it grow.
- Purchase assets that have unperceived value. Buying shares in art pieces or real estate will steadily build over time. There is also the option…
