If you have impressive savings and a desire to increase them, wise investments will allow you to do this. The point is small: you need to learn how to invest correctly.
Instructions
Step 1
Set a clear goal. Do you want to receive passive income regularly? Perfectly. How badly do you want it? Are you ready for the fact that before you reach your goal, you will not only lose a lot of time and energy, but, perhaps, you will go into negative financially more than once. Are you ready to not give up and try to start over and over again? Do you know how to take risks, and especially - risk your own savings? Only by answering these questions will you be able to clearly imagine the path ahead for you. And mentally prepare for it.
Step 2
Find motivation other than money. Yes, many people want to get rich. But this is not enough. What else will a smart investment give you? A lot of free time - for family and hobbies. The ability to travel a lot and meet friends often. Such motives help to work much better than a simple hunger for money.
Step 3
Get minimal knowledge of theory. You have to study many concepts, terms (bonds, futures, broker, issuer, option - these words should become familiar and understandable for you), learn what to do in different situations. Read university textbooks, economics books, and simple investment textbooks. Investment courses will not be superfluous.
Step 4
Study other people's strategies, success stories. Read analyst comments, critical articles on the topic. Try not only to learn about other people's projects, but also try to calculate your own. Try to apply the knowledge gained in practice.
Step 5
Practice the Cashflow financial game. It is designed by Robert Kiyosaki, the most respected investing "teacher" and is recommended by many successful beginner investors. You will learn to make quick decisions, be able to soberly assess your expenses, and accurately predict profits. At the same time, you do not risk anything, but teach you how to handle money.
