Investing is simply using your money to create wealth for yourself by making the conscious decision to be financially smart through structured long or short term investments.
Changing your spending habits so you can set aside money to invest may not seem so easy at first, but the benefits and the opportunity to improve your future makes it worth it.
Focus on your needs rather than your wants. Once you have made the decision to begin your investment journey, it is important to cut down on unnecessary expenses.
Set a goal on how much you can invest either monthly or quarterly. Create a realistic monthly budget and set aside a percentage to be invested; remember to spend less than you earn.
Once you have identified the amount you can invest as a beginner, only spend what is remaining. It is the wise thing to do which will guide you on a path to financial discipline.
Setting up an investment account does not mean you require a huge amount of money to begin. Different investment categories are available for you to choose from based on your earnings and goals.
Contact an asset manager like FBNQuest Asset Management to discuss your financial goals with an expert, so that you are clear on your investment strategy and achieving these goals in the long run.
Many people put off investing because they think you need a lot of money to start investing. This just isn’t true. You can start investing for as little as N5000 per month. The key to building wealth is developing good habits—like regularly putting money away every month. If you make investing a habit now, you’ll be in a much stronger financial position down the road. FBNQuest Asset Management, provides several investment options and you can start with investing as little as N5, 000 in a mutual fund.
Make wiser spending decisions
Master the art of budgeting
Spend what is left after investing
You can start small
Seek expert financial advice
Investing offers more benefits than saving