3 Investment a Father Must Have – infomediaku.net
Being a father is not easy, you have a double responsibility, as the backbone of the family and also as a role model for your children. The financial condition also depends on you.
Sufficient family finances can be done in various ways, starting from saving, living a simple life and one of them is investing.
Investment is important so that the value of money does not decrease, besides that, investment is also needed to multiply the money you already have.ma
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3 Investment a Father Must Have :
With the investment, you will get passive income so that one day when you can’t work, you will still receive income. But what kind of investment should a father have? Here are a few examples:
1. Property Investment
Even though it requires high capital, property investment is one of the most profitable and important investments to have.
First, you can use the investment for your own benefit, for example, to live in, without reducing the investment value.
Second, you can rent out the property for a monthly income without reducing the value of your investment. Over time, property investment will continue to increase in value because it is immune to inflation.
First, you can use the investment for your own benefit, for example, to live in, without reducing the investment value.
Second, you can rent out the property for a monthly income without reducing the value of your investment. Over time, property investment will continue to increase in value because it is immune to inflation.
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2. Long Term Investment
Providing the best education for children is the responsibility of a father. Maybe you have saved for early education such as kindergarten (kindergarten) or elementary school education (elementary school), junior high school (junior high school) to middle and above (senior high school). But when they want to carry out higher education, you need a large amount of money.
3. Short Term Investment
As a father, you must be prepared for emergency family needs. Making long-term investments is a must, but apart from that, you must have an emergency fund.
The reason for choosing short-term investments is their high liquidity even though the returns you get are not as high as on stock or property investments. Short-term investments include savings deposits or bonds. This short-term investment will provide security.
The amount of money that must be saved for the response to an emergency fund is different and depends on individual needs. Ideally, you should save enough funds to meet the necessities of life for 3 or months.
Make an Investment After Your Finances are Stable
The mistake that is often made by people who want to invest is that they invest without thinking about their financial condition beforehand. You have to weigh the ratio of debt, assets to cash held.
Invest only if your financial condition is healthy and the capital invested in the investment comes from your money, not debt.
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