One thing we should understand as humans is that whatever is paying our bills and making us financially stable today can go away in some years to come. If it remains, an active worker can lose interest. While all these may happen, one needs constantly arises and until they are met, one may not have rest of mind.
For the very wealthy individuals who thinks their money will forever remain, let me tell you, money itself has a diminishing return. This is why you should follow this ways to plant your money to keep reaping its dividends.
SAVE IN DOLLARS
This may sound crazy to individuals who do not spend in dollars but I tell you, this is one way to constantly increase the value of your money. For many of us in Africa, we know that the Dollar will always dominate our currencies. If that be the case, it's better to save a part of your money in dollars.
In the year I started cryptocurrency trading, I remember that the price of 1USD to my country's currency, NAIRA, (#) was about #280. Today, it is above #700. You can imagine the difference right? Saving money in your country's currency is just a waste of your money, save it by planting in USD and harvest it in the future.
BUY COMPANY SHARES
Undoubtedly, this one of the ways people can save their money from drought. Finding out the best companies around where Shares can be securely bought is a great way to plant. The money will always appreciate and not depreciate in value as far as the company thrives. This is far better than keeping money dormant in an account for years.
OWN A BUSINESS
This one of the best way to plant money. Owning a business and managing it is not an easy thing to do, nevertheless, it can be done successfully. Find your choice business, make appropriate research about it and start it up in the best standard possible. Whatever money invested in it will be recovered in a couple of years. One's the invested money is realized one is sure to make profits for the remaining number of years the business exists.
One good thing about all these I have shared is that they can be done simultaneously. None of 5yem stops the other from coming to fruition. One just have to divide one's total wealth into three places and plant them simultaneously in this three different places. This one secret of investors. They never allow money remain idle in their accounts. They always look for where and how to plant it to increase it's value. I think you should learn and begin to do this too.
Wisdom is Power. You have been shared a wise idea, act on it and reap the rewards.
Do have a great time blogging this week.