Investing is using a resource (time, money, energy) with the expectation of achieving a future benefit or gain. When you invest money, you are spending money to own an asset. With the goal of generating income, growing value, or both. The power of investing is allowing the power of compound interest, dividends, and appreciation to grow money. The Plan Investing is a plan to grow money. This plan involves setting
Tag Archives: financial goals
A goal is a future envision, result, or experience that is planned to be achieved. Many of us have a vague idea of our financial goals like retirement or buying a house someday. But, until we have a plan, those wants are wishes, not goals. Thus, we need SMART (Specific, Measurable, Achievable, Relevant, and Time-Bound) Financial Goals. Specific For something to be specific, it must be clearly defined, particular and