Camsdcute’s Lair

Posts Tagged ‘investment’

When you attend financial wellness seminars or anything similar, the topics that are usually discussed are related to handling your finances. The talk or workshop typically suggests different ways to budget your income, and prioritize your expenses and look for other income sources.

One thing that’s always raised is to invest in something or to have your own business. This is because many trainers and consultants push a person to go out of their comfort zone and realize their full potential as investors or entrepreneurs.

Starting your own business is not walk in the park. It’s really difficult especially if you don’t have any experience at all. You might need the help of a business plan consultant, other professionals or even friends and relatives just to jumpstart your business. As you move on, you’ll surely run into more issues. Note that not all people are good business man. Having a business is just one option for those looking to have other income opportunities

This is my favorite pyramid aside from the food pyramid. Read on…

“As you can see from the investment pyramid, risk varies among types of investments. Bank savings accounts, CDs and life insurance programs represent the foundation of your savings program and carry a low amount of risk, and consequently, provide a lower return on your investment. As you ascend the investment pyramid, stocks represent a higher degree risk because of the unpredictable forces that govern the rise and fall of the stock market – namely, interest rates, world events, company and industry performance, and many more.”

Click on the image to view its full size.

Reference: www.lincolninvestment.com