Friday 29 August 2014

THE GIFT OF MONEY 20; LEARN TO INVEST

“Do you know, the only thing that gives me pleasure? It’s to see my dividends coming in” - John D. Rockefeller 



An important step on the journey to financial freedom is INVESTING. Investment is what you do with your savings. Some people, after they saved and successfully accumulated funds fall into the temptation of a spending spree; with the long accumulated savings. Make no mistake about it, savings aren't accumulated for future spending, but for investment.

A rich man once called his servants - all three of them - and gave them money. Soon after he went on a long journey into a far country. To one he gave $5,000 to another he gave $2,000 and to the last he gave $1,000 according to their respective capacities. The first got himself busy with his own money; he went into business. Soon, he made $10,000. The second did the same and soon, he too was the proud owner of $4,000. The third servant, however did nothing. On return from his journey, the rich man inquired from his servants what they'd done with their money; the first and the second servants gave their financial reports and immediately got over one million fold promotion from their master.

But the third servant wasn't as astute - he defended his failure, called his master names and accusing him of many unreasonable things. He'd buried the money, so he went and got it. The master, livid with anger fired him on the spot and condemned him. "You should have banked the money to yielded some interest, at least", he fumed.

Many of us are like that wicked servant today. Loaded with capital, but averse to investing. Most don’t invest for fear of losing the money. Paul Getty, the oil magnate said “Money is like manure. You have to spread it around or it smells.” Get up friend, try something new. Stop tying money down unnecessarily. Stop unnecessary spending, and start investing today.

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