Invest inyourself means , paying off some of the debt load that you are carrying and you will make a return that equates from about 5% to a 19% rate of annual return on your money and without worrying about which direction the stock market is heading.
Let’s have a look at your biggest expense in your life,your home loan or loans, the second biggest debt in your life.This would be your credit card debt load.And possibly it may even be bigger than your home loan amount.And finally, we’ll look at our third item,your car loan.Now if you start paying off these loans before investing in stock market , then you can trade with stocks in a more relaxed way and earn good profit without any worries . So before investing in stocks , you should invest in yourself and make yourself free from the burden an worried of paying off debts .
We all live super busy lifestyles,often with both people working in the family and these things can slip by and before long,a couple of years have slid by.So,I urge you to set up these extra payments automatically with your bank or charge card company.Now,when your putting your nose to the grindstone everyday,at least you know that you’re making a solid return on your money.
So,as you can see,by paying more towards the items in your life,you can achieve a great rate of return on your money without the fear and worry as if you were invested in stocks or mutual funds.I also would like to point out that the rate of return in mutual funds is not what you think,if you take out the expense fees of the fund,which happens if the fund goes up or down. and if the fund does go up in value,than you are taxed on it,decreasing the amount earned.
I also want to point out that when you are paying down your debt load in today’s time,your money is worth more now than in a later time as inflation eats away at your actual dollar value.