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Welcome to Invest&Improve!

This is where I share my experiences and learning points as I go on my journey on investments.

Join me on my journey today and get a report on what Robert Kiyosaki is investing in for the next decade by clicking here.

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What I Learnt from Robert Kiyosaki at NAC2012

National Achievers Congress 2012 was held at the Singapore Expo last week end it was a great experience for me.

I picked up much new knowledge such as how to brand my business from the Parker Couple, how to improve my memory and reading speed from Nishant Kasibhatla, how to take care of my health from Dr Sundardas Annamalay.

However, if I had to choose to only remember one thing from NAC2012, it would be an
important lesson on investment from the keynote speaker, Robert Kiyoskai. When responding to a question “How can I save up money to invest when i can barely make ends
meet?”, Robert said this, “Always pay yourself first. If you earn $1000, pay yourself $300 first when you get your pay. Use that money to buy silver coins as it will force your mind to focus on purchasing assets and building wealth.”

This really impacted me as I realised that most people, including myself, have been only saving what we have left at the end of the month and more often than not, it would be nothing or close to it. My solution to this problem which forces me to pay myself first is by setting up an additional bank account. The account in which my salary goes into is my savings account and I have a standing instruction to transfer a sum of money enough for my expenses to my second account, which is my spending account and it is linked to my atm card. Using this method, I limit my expenses and can also keep track of it.

How about you? What methods do you use to ensure that you pay yourself first? I would love to hear your suggestions!

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Know Your Goals. Why is this important for you?

Know Your GoalsMany people make this fundamental mistake when investing; They do not know what they want to get from their investment.

They do not have a clear reason for why they invest.

When asked about their reason for investing, many people say that they do not want their money to just sit in the bank and earn a meager interest.

But this is wrong! You should know what you want your money to do for you, not what you dont want it to do.

Why is this important? If you do not know what your goal is, you will just invest in any investment deals that come by and you will end up making decisions you regret.

Generally, there are two types of investment goals:

  1. Passive Income
  2. Capital Appreciation

Do you want Passive Income or Capital Appreciation?

Passive Income is income received on a regular basis, with little or no effort needed to maintain it. Examples of Passive Income Investments are REITS, Dividend stocks, Positive Cashflow properties. Investors normally go for Passive Income at the start of their investment journey to supplement or replace their working income. Passive Income is a mean to Financial Freedom as it can cover your expenses.

Capital Appreciation is when your investment has risen in value based on a rise in market prices. Examples of Capital Appreciation Investments are when you buy a stock or property hoping that it will rise in value and you can sell it. Investors normally go for Capital Appreciation when they have achieved Financial Freedom.

Personally, I am going for Passive Income now as it is my goal to attain Financial Freedom by the age of 30. I want to  be able to stop working and yet still maintain my lifestyle while not being tied down by any negatively-geared investments.

 

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Why Invest? Do you know these basic money-making tips?

Why invest? Wouldn’t it be better to put it in the bank and not risk losing it?

That is a question you may be asking yourself.

Quite simply, people invest to make their money work for them and to create wealth.
When investing, people look to the power of compounding returns.
For example, if you take $2000 dollars and invest it into a fund that gives you 10% interest per annum, at the end of 30 years, you would have $34,898.80.
In comparison, the interest that banks offer you range anywhere from 0.1% to 5%, depending on which country you are from.

Moreover, there is such a thing as inflation. Inflation means that the prices of goods will constantly increase, the price of oil is a good example. Normally, the inflation rate every year is around 3%-5%, which means that the average price of household products is going up by at least 3% ever year. Hence if your returns on your money is less than that, you are actually losing the value of your money!

Therefore it makes more sense to invest your money, rather than leaving it in the bank.

Here are a few need-to-know information before you venture into investments.
I will explain them in the days to come.

1. Know Your Goals
2. The Power of Compounding
3. Types of Investment Vehicles
4. Your Risk Profile

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