Investments You Wouldn't Regret You Made In 10 Years Time
People who invested in Amazon about 20 years ago are actually smiling at their investments today and stories like this always repeat itself in our world be it rentals with property prices doubling, or people regretting not buying bitcoin, but then, the past is gone, how do we shape our future and what can you do to be a better person in 20 years from now.
The first thing I always tell people is not to have debt for themselves personally. If you are going to be using debt for personal things, then you shouldn't get into it at all. If you have personal debts it is better to clear them so you can be debt free. You can get a loan for a business that you have properly calculated, or an investment that you have weighed the risk as well as checked its ROI. Paying off your debt in an aggressive manner will be one of the biggest investment that you have done to yourself. You might not know it now but you will surely look back and appreciate that you did.
Invest in earth by buying lands and investing on them. You can actually invest in trees or invest into agriculture at least for now because while agriculture might bring in money for you now, when the gap between agriculture and residential land closes, it will be worth more than the wait to sell. If you are skeptical about purchasing land and you have enough money to spare, then you can invest in your country's or any country index fund. You will not know which company is the next Amazon until it becomes the next Amazon itself so to be safe, buying an index fund will help you own a piece of all possible Amazons on the stock market. Investing and continually re-investing without removing is something you would invest in and not regret in the near future.
Invest in travel because your mind expands based on how far you travel away from home. You must have heard people asking how well traveled a person is when they want to interact. You can tell a person is well traveled from they carry themselves and how aware they are about themselves. But before you begin to invest in travel, you need to invest in your health. The saying health is wealth isn't a fuss because if you do not take care of health because you want to acquire wealth, you might end up spending the acquired wealth to get your health back.
Invest in financial education because that is the one way you can understand and grow your finance. The more you learn, the more you are able to improve yourself and while it might not immediately carry weight now, overtime it will begin to carry weight and it will begin to make sense when your finance grow and you can look back at the education you got.
Before I go, cryptocurrency is the new black oil and I will advice you to invest in it but then you should invest in coins with use case scenario and coins that can solve tomorrows problems. Do not put in your money during the bull because of FOMO, rather wait for the market to reset and position yourself to be ready to take opportunities and when you are done, you should leave it there and invest more instead of withdrawing at every little rise.
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